TITLE

IDD OutTakes

AUTHOR(S)
Lagn, Denise
PUB. DATE
February 2005
SOURCE
Investment Dealers' Digest;2/21/2005, Vol. 71 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents news regarding recent developments in the investment dealers' industry in the U.S. It reports that Blackstone Group Inc. will appoint Hamilton James as president this week, succeeding Stephen Schwarzman, who will become chairman and CEO. Also, it reports that Citigroup Inc.'s CEO Charles Prince outlined to employees a "five-point plan" for improving the company's ethics. The plan will emphasize staff training and will serve to fortify internal controls. Furthermore, Goldman Sachs axed about 30 about employees from its U.S. equities unit in New York, including sales traders who helped manage relationships with institutional investors and other clients, and employees involved in clearing trades.
ACCESSION #
16201917

 

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