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Goldman Sachs Creating Committee to Review Its Practices
Goldman Sachs brought its campaign to improve its image directly to investors Friday as Chairman and CEO Lloyd Blankfein said the investment bank will do better at "listening to the concerns of our shareholders." Blankfein also told the company's annual meeting that Goldman is creating a business standards committee to study its practices as it fights civil fraud charges brought by the SEC. Blankfein took tough questions from shareholders, particularly an activist investor who several times called on the CEO to resign.
May 10, 2010 at 12:00 AM
1 minute read
By Anne D'Innocenzio |
Updated on May 10, 2010
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The original version of this story was published on Law.Com
Goldman Sachs brought its campaign to improve its image directly to investors Friday as Chairman and CEO Lloyd Blankfein said the investment bank will do better at “listening to the concerns of our shareholders.”
Blankfein also told the company’s annual meeting that Goldman is creating a business standards committee to study its practices as it fights civil fraud charges brought by the Securities and Exchange Commission.
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