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In the five weeks since Goldman Sachs chief Lloyd Blankfein made his spectacularly insensitive comment about doing “God’s work,” the company has been trying to quell the public uproar about bankers’ compensation. Last week, for example, Goldman announced that its top executives would receive no cash bonuses for 2009. But that move didn’t dissuade Grant & Eisenhofer from proceeding with a derivative suit against Goldman executives (pdf), brought on behalf of the Security Police and Fire Professionals of America Retirement Fund.

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