CFOs on the Move: Week Ending Sept. 21
Goodyear, Goldman Sachs, Prudential Financial, Diamond Resorts, Rogers, Potbelly, Sprague Resources, RigNet, Extreme Networks, Maestro Health
Scherr Named Goldman CFO in Big Reshuffle
Incoming CEO David Solomon adds Goldman veteran Stephen Scherr to his team as he prepares for the challenge of succeeding Lloyd Blankfein.
Accelerated Share Repurchases Help Execs, Not Investors
The increasingly popular method of buying back shares creates an immediate EPS boost that serves to help managers secure bonuses, study suggests.
Why Does Goldman Sachs Want to Be a Bank?
Rising rates haven't helped Goldman's small banking unit, which likely will remain small yet subjects the firm to regulatory restrictions on its activities.
Goldman Exec Charged With Insider Trading
A Goldman Sachs vice president of investment banking repeatedly used his access to confidential client information to place illegal trades, alleges the SEC.
Goldman Boosts Digital Banking With Clarity Buy
The purchase of money-management app Clarity Money continues Goldman's push to expand the services offered by its Marcus digital banking arm.
Goldman to Take $5B Charge From New Tax Law
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
Revenue Drops 40% at Goldman’s FICC Unit
“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
SEC Chair Says Disclosure Burden Excessive
Increased disclosure "may render alternatives for raising capital, such as the private markets, increasingly attractive to companies," Jay Clayton says.
Jobless Claims Rise; Labor Market Stays Tight
Despite operating at or near full employment, the economy does not show signs of overheating.
Senate Confirms Jay Clayton as SEC Chair
The lawyer says he will be tough on "bad actors" but a Democrat calls him “one of Wall Street’s most loyal guardians.”