{"id":10298,"date":"2009-04-08T00:00:00","date_gmt":"2009-04-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-sachs-lloyd-blankfein-wall-street-needs-new-compensation-hedge-fund-standards","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/goldman-sachs-lloyd-blankfein-wall-street-needs-new-compensation-hedge-fund-standards.html","title":{"rendered":"Goldman Sachs&#8217; Lloyd Blankfein: Wall Street needs new compensation, hedge fund standards"},"content":{"rendered":"<p>Chicago Tribune &#8211; The chief executive of <span class=\"taxInlineTagLink\">Goldman Sachs<\/span> Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds.<\/p>\n<p> Lloyd Blankfein said lessons from the financial crisis include the need to &quot;apply basic standards to how we compensate people in our industry.&quot;<\/p>\n<p> He suggested a handful of guidelines, including only junior employees being paid mostly in cash and that the percentage of pay awarded as company stock increase significantly along with a worker&#8217;s total compensation.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.chicagotribune.com\/business\/chi-tc-biz-brf-goldman-sachs-040apr08,0,3271250.story\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Tribune &#8211; The chief executive of Goldman Sachs Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds. Lloyd Blankfein said lessons from the financial crisis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4983,67,10001,4726,398,926,925,676,9998,942,7568,10000,4464,9999],"class_list":["post-10298","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-chicago-tribune","tag-chief-executive","tag-company-stock","tag-financial-crisis","tag-goldman-sachs","tag-goldman-sachs-group","tag-goldman-sachs-group-inc","tag-handful","tag-lloyd-blankfein","tag-private-equity-funds","tag-sachs-group-inc","tag-stock-increase","tag-wall-street","tag-wall-street-executives"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10298"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10298\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}