December 10 Biz Minute

Hoping to tame some of the public outrage over outsized bonuses the firm is poised to pay this year, Goldman Sachs said it would instead pay its 30-member management committee in a special form of company stock. Beefing up accountability, employees would not be able to sell the shares for 5 years and in the event that an employee “engaged in materially improper risk analysis or failed sufficiently to raise concerns about risks” the company can take back the shares. The Nielsen Co. is selling some of its most prominent trade journals — including The Hollywood Reporter and Billboard — and shutting down Editor & Publisher, which has chronicled the newspaper business for 108 years.Nielsen said both the print and online operation will shut down immediately. Panasonic Corp. said today it will take majority control of Sanyo Electric Co. in a .6 billion deal. With the purchase, Panasonic can draw upon Sanyo’s expertise in solar panels and rechargeable batteries, bolstering its resources in the race to develop environmental technologies. The market rose today as an improvement in the nation’s trade deficit offset a weaker-than-expected reading on jobs. General Motors has replaced its Chevrolet brand manager after just five months and its Buick brand chief is leaving after only a few days on the job, as the company continues to shake up its top management ranks. General Electric won a .4 billion contract to supply Caithness Energy with large turbines for its massive Shepherds …
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