CEO Lloyd Blankfein

The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving — meals planned by a star chef, cooked by one of New York's ritziest caterers and cleaned up by employees of one of Wall Street's most vilified financial firms. The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table. The turkey dinner will be prepared by Great Performances, a catering company that stages banquets for the grand ballroom of The Plaza. Leading the culinary team is star chef Marc Spooner, ... Read Full Story

(Reuters) - Some of Goldman Sachs Group Inc's <GS.N> largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation. Although the shareholders were not pushing for a huge cut in the bonus pools, they feel that Goldman should better reward shareholders for this year's rebound, the paper said. Goldman has faced public ridicule for setting aside nearly $17 billion for year-end bonuses after receiving a $10 billion taxpayer bailout during the financial crisis. The bank has paid back the government ... Read Full Story

NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N>, in the spotlight over its controversial plans to pay billions of dollars in year-end bonuses to executives, announced this week its next class of managing directors, according to a memo obtained by Reuters. There are 272 executives in the group, according to a source familiar with the matter, who asked not to be named. The promotions, due to take effect on January 1, will make the executives eligible next year for more of Goldman's bonus pool. Goldman has faced public ridicule for setting aside nearly $17 billion for year-end bonuses after receiving a $10 billion ... Read Full Story

In response to public backlash against them, Goldman Sachs has been going out of its way to apologize for how well they have performed post-crisis. They have canceled their holiday Christmas party , and it's said that the firm has discouraged others from holiday cheer (though a spokesperson tells us that's not true). They have set up an initiative to help small businesses . They have picked up an unconscionably high veterinary bill for some stray kittens . But they're willing to go further. What do you have for them? A couple thousand plates of yams gummed by homeless people? Great. Perfect. Sign them ... Read Full Story

Goldman Sachs Group Inc. said Tuesday it is launching a $500 million initiative called "10,000 Small Businesses" to help employers overcome financial and education barriers that can limit growth and jobs creation. The nationwide initiative includes a commitment by Goldman Sachs to invest $300 million through a combination of lending and philanthropic support. The money will be directed to community development financial institutions to increase capital and technical assistance available to small businesses in underserved communities. Goldman Sachs also said the program will contribute $200 million to community colleges, universities and other institutions to provide scholarships to small business owners, and to expand education ... Read Full Story