Lower the Bar for Executives of Goldman Sachs Securities?

Wall Street Journal, Friday, April 13, 2012

Mighty Goldman Swats at Pesky Proxy Fights, by Liz Rappaport and Liz Moyer

Goldman Sachs Group Inc., long considered Wall Street’s mightiest firm, has been skirmishing with an unlikely group of adversaries: a small but vocal shareholders eager to use the company as a bully pulpit.”   Among the critics were The American Federation of State, County and Municipal Employees, the New York City Comptroller’s Office, and The Missionary Oblates of Mary Immaculate, a Roman Catholic organization.  The New York City Comptroller’s Office wants to lower the bar for executives of Goldman Sachs and hold them accountable for loses.  The bar has been high; to lower it will make the executives more responsible for losses incurred.

The heading of this article is interesting;  “Mighty Goldman Swats at Pesky Proxy Fights” leaves the impression the Goldman Sachs sees the adversaries/ critic’s concerns as flies to get rid of.

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