Goldman Names New CFO

Banking, finance, and taxes

Published: September 18, 2012 4:32 pm

Last Updated: September 19, 2012 4:56 am

After the markets closed today, Goldman Sachs Group Inc. (NYSE: GS) announced that current CFO David Viniar will retire after 12 years in the position and 32 years with the firm. Goldman named Harvey M. Schwartz as its new CFO beginning at the end of January 2013. Viniar will join the firm’s board of directors at the same time.

Schwartz’s duties will include oversight of operations, technology, and finance, and he will be co-head of Goldman’s Firmwide Risk Committee. He currently serves as global co-head of the company’s Securities Division.

In its announcement, Goldman noted that Viniar is the longest serving CFO of a major Wall St. financial firm.

Goldman also noted in its announcement that the firm “expects to appoint additional independent directors to its board in the near term.” Viniar will be classed as a non-independent director when he joins the board in January.

Goldman’s shares closed down 0.02% today at $119.88 and are down 0.4% in after-hours trading at $119.40. The stock’s 52-week range is $84.27 to $128.72.

Paul Ausick

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.