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Jan 18, 2013

DealBook P.M. Edition (January 18, 2013).: Goldman Awards Blankfein $13.3 Million in Stock

Friday, January 18, 2013
Goldman Awards Blankfein $13.3 Million in Stock Days after announcing a jump in quarterly profit, Goldman Sachs disclosed that the board had granted the bank's chief executive and chairman restricted stock valued at $13.3 million for 2012, which is expected to bring his total compensation to $21 million.
Treasury to Begin Selling Off Its Remaining G.M. Stake The department said in a statement that it had begun a prearranged trading plan that would dispose of its 300.1 million shares by early next year.
Private Equity's Penguins on Parade Twitter -- and DealBook readers -- can't seem to get enough of Mr. Schwarzman's penguins. Here are some more photos.
Another View: Courts Are Right to Hold Argentina to Equal Debt Treatment Harry Tether, a retired managing director at JPMorgan Chase, says that recent federal rulings should and will motivate responsible sovereign debtors and private creditors to resolve their differences at the negotiating table, and not in the courtroom.
In Debt: An Argentine Parallel Stephen J. Lubben says that preferring some creditors over others is at issue in the Argentine debt litigation. Yet, a similar idea is being suggested by some House Republicans.
Buzz Tracker
Congresswoman Seeks Inquiry on Costs of Foreclosure Reviews Carolyn Maloney, a New York Democrat who is a member of the House Financial Services Committee, has asked federal regulators overseeing foreclosure reviews to provide details about the independent contractors who examined borrowers' cases, Gretchen Morgenson writes in The New York Times.
Glencore Extends Deadline for Xstrata Deal The commodities trader said on Friday that it had extended the deadline to complete its $35 billion takeover of the mining company until March 15. The extension is the third time that the companies have pushed back the closing date, which still needs approval from Chinese and South African authorities.
On Holiday DealBook's morning and afternoon emails will be off on Monday, but the DealBook site will be updated.

DealBook Video
Week in Verse: Cute Animal Cameo Stat! After penguins visited the office of Blackstone this week, the Epicurean Dealmaker tweeted: "Blackstone has penguins, KKR has puppies, Apollo has scorpions. We need a cute animal cameo stat!" - Jim Coulter, TPG

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