The Securities and Exchange Commission's insider-trading charges against Rajat Gupta, former head of consulting firm McKinsey & Co., comes as a shock to many. The news comes after another McKinsey director pleaded guilty to insider-trading charges in January. Should we expect more to come?
Goldman Sachs drew some undeserved ire when it recently pointed to proposed cuts in federal spending as a key near-term risk. While the proposed cuts are modest, they could still undermine the rebound at a critical time.
A former Goldman Sachs computer programmer has been convicted of stealing trade secrets and property in an effort to help a Chicago-based startup develop its own high-frequency securities trading operations.
Investors have hit Goldman Sachs with a class-action lawsuit for allegedly failing to disclose that it would benefit if its debt products lost value. The investment bank -- and several others -- say more lawsuits are likely on the way.
Goldman Sachs Group cut its compensation outlays for the first nine months of the year by 21% from a year earlier. The giant investment bank reduced salaries and benefits when its earnings fell.
Sitting on a corporate board of directors has always been great work if you can get it, especially if it's with a company that's generous with board member compensation. These days, directors are feeling the heat to get some real work done.
