Wall Street firm Goldman Sachs Group has tripled the base salary of chief executive Lloyd Blankfein to $2m (£1.3m), up from $600,000. And company filings show he was also awarded shares currently worth $12.6m, a 42% hike from the the stock bonus he received for 2009.
It comes even after the bank's profit fell 38% in 2010 to $8.35bn. Banks were pressed to reduce bonuses in 2009 after the 2008 global economic collapse, largely blamed on bankers.
Goldman Sachs chief Lloyd Blankfein gets $15m pay award
More Korean War Vets Can Make Agent Orange Claims
The Department of Veterans Affairs has expanded the pool of Korean War vets who can make claims related to exposure to Agent Orange. This toxic defoliant has been linked to more than a dozen serious, often fatal health problems, including various types of cancer.
Korean vets do not have to prove Agent Orange exposure
Until now, only those Korean War vets who served in certain units along the Korean demilitarized zone (DMZ) between April 1968 and July 1969 could make claims regarding Agent Orange exposure.
Goldstone's Legacy for Israel
A sprawling crime scene. That is what Gaza felt like when I visited in the summer of 2009, six months after the Israeli attack. Evidence of criminality was everywhere—the homes and schools that lay in rubble, the walls burned pitch black by white phosphorus, the children’s bodies still unhealed for lack of medical care. But where were the police? Who was documenting these crimes, interviewing the witnesses, protecting the evidence from tampering?
For months it seemed that there would be no investigation. Many Gazans I met on that trip appeared as traumatized by the absence of an international investigation as by the attacks. They explained that even in the darkest days of the Israeli onslaught, they had comforted themselves with the belief that, this time, Israel had gone too far.
Gulf Oil Spill Blowout Preventer Testing Could Be Compromised
The U.S. government disclosed Friday it is investigating whether a Transocean worker's handling of a key a piece of evidence in the Gulf oil spill probe affected the integrity of the examination of the device.
Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, said in a letter to U.S. Rep. Ed Markey that his investigators have questioned workers from various government agencies and a Norwegian firm the government hired to test the failed blowout preventer.
Afghans Plan to Stop Recruiting Children as Police
Afghanistan is expected to sign a formal agreement with the United Nations on Sunday to stop the recruitment of children into its police forces and ban the common practice of boys being used as sex slaves by military commanders, according to Afghan and United Nations officials.
The effort by Afghanistan’s international backers to rapidly expand the country’s police and military forces has had the unintended consequence of drawing many under-age boys into service, the officials conceded.
Comcast takes control of NBC Universal
The nation's largest cable TV company, Comcast took control of NBC Universal after the government shackled its behavior in the coming years to protect online video services such as Netflix and Hulu. The deal closed shortly before midnight ET on Friday.
The takeover gave the cable-hookup company 51% control of NBC Universal, which owns the nation's fourth-ranked broadcaster, NBC; the Universal Pictures movie studio and related theme parks; and a bevy of cable channels including Bravo, E! and USA.
Time to end foreign aid to Israel: ‘We just can’t do it anymore,’ Sen. Paul warns
Israel has been, by far, the largest recipient of US foreign aid anywhere in the world. Since the inception of Israel's close diplomatic relationship with the US all the way through 2008, Americans gave Israel over $103 billion, according to the American Educational Trust.
"What I'm concerned about," Paul said, is that "if we do nothing -- if we coast along as we've been coasting -- entitlements and interest will consume the whole debt within a decade; will consume the whole budget. There will be nothing left for anything else. My fear is we could have a precipitous calamity where nobody gets any checks from government, so security fails, Medicare fails, unless we start making the difficult decisions now.
The Drug Store in Your Tap Water
Water taken near a Nebraska feedlot had four times the trenbolone levels as other water samples and male fathead minnows nearby had low testosterone levels and small heads.
Nor do you have to see a doctor to imbibe a witch's brew of prescriptions like pain pills, antibiotics and psychiatric, cholesterol, asthma, epilepsy and heart meds in your drinking water, says the AP. Free of charge.
WikiLeaks probe: Army commanders were told not to send Manning to Iraq
Investigators have concluded that Army commanders ignored advice not to send to Iraq an Army private who's now accused of downloading hundreds of thousands of sensitive reports and diplomatic cables that ended up on the WikiLeaks website in the largest single security breach in American history, McClatchy has learned.
Pfc. Bradley Manning's direct supervisor warned that Manning had thrown chairs at colleagues and shouted at higher ranking soldiers in the year he was stationed at Fort Drum, N.Y., and advised that Manning shouldn't be sent to Iraq, where his job would entail accessing classified documents through the Defense Department's computer system.
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