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Goldman's cost-cutting accelerates as lean times persist

Goldman Sachs Group Inc's managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman's top executives is another sign that the firm's ongoing push to cut $1 billion in costs is now accelerating as managers target smaller and smaller line items and contemplate more job cuts, sources said. Now senior mana...
New York United States Tatiana Bautzer Saeed Azhar Niket Nishant Andrea Januta
Source: yahoo.com

Goldman's cost-cutting accelerates as lean times persist

Goldman Sachs Group Inc's managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman's top executives is another sign that the firm's ongoing push to cut $1 billion in costs is now accelerating as managers target smaller and smaller line items and contemplate more job cuts, sources said. Now senior manage...
New York United States Tatiana Bautzer Andrea Januta Lananh Nguyen David Solomon
Source: aol.com

Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal

Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge's crushing capacity will increase by nearly one-third, to 75 million metric tons annually, adding plants in Europe, Canada and Argentina. The deal would make the combined com...
United States Matthew Blair Greg Heckman Ben Bienvenu Divya Rajagopal Caroline Stauffer
Source: yahoo.com

Energy sector's COVID recovery turns into massive CEO payday

(Reuters) - The CEOs of America's biggest oil companies were paid a lot more in the first year of the COVID crisis than initially estimated, thanks to stock-heavy compensation packages that have since soared in value, according to an examination of pay disclosures over three years. | 06:15am
New York United States University Of California Irvine Christina Noel Aeisha Mastagni Richard Valdmanis

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