Goldman Shareholders Keeping Executive Suite In Stiches

Hot Topics

A few months ago, a number of Goldman Sachs shareholders suggested that they have some sort of say on Lloyd Blankfein and the rest of his team’s pay. At the time LB and Co humored them because of the whole public image crap, and since it’d been suggested in their sensitivity training classes to “take a second and listen to what others have to say,” no matter how stupid they may be. Finally the torturous period of enforced “acting like you care” ended and my god, it felt so good to fire off a note letting clients know that next time, before drafting a letter full of feelings and ideas re: how the company should be run, to ask thyself, “Does anyone in the c-suite give a shit about what I think?” Most people feel in line but either the scamps at the Christian Brothers Investment Services didn’t get the memo or they’re trying to workshop some sort of comedy routine because what they’re suggesting is a real gas.

A call for the separation of the powers of Goldman Sachs chairman and chief executive Lloyd Blankfein at the next annual meeting relies on the UK example as part of its arguments. Among the seven extra resolutions proposed by Goldman Sachs investors at the annual meeting in New York next month, the Christian Brothers Investment Services group wants the chairman to be an independent member of the board.

Pointing to the UK and other international centres, the Christian Brothers say that an independent chairman “can enhance investor confidence in our company and strengthen the integrity of the board”.

First off, when it comes to LB, you don’t separate anything, nuclear powered nutsacks or otherwise. Second, “strengthen the integrity of the board”? Lloyd has integrity (charm and panache) oozing out of every known and unknown orifice. You couldn’t jam any more integrity into that thing if you tried.

Tags: don't make me laugh, fools, Goldman Sachs, integrity, Lloyd Blankfein, problem children, shareholders, the only thing that's gonna get separated are your ass cheeks if there's one-- and I mean!-- more word out of you Related Stories Comments (3) 1 Posted by Anonymous | April 9, 2010 at 2:39 PM

I’m with the Christian Bros

-Plessy v Ferguson

2 Posted by PermaGuest | April 9, 2010 at 2:47 PM

And here all I thought Christian Brothers did was make firewater… http://www.christianbrothersbrandy.com/index2.html

3 Posted by Anonymous | April 9, 2010 at 2:48 PM

co-signed.

-lvp

Leave a comment Click here to cancel reply.

You can log in with your account or comment as a guest below.

Nickname

Website (optional)

   or    Twitter Facebook Email RSS

More subscription options"¦

GA_googleFillSlot("Dealbreaker_Other_300x250_Top"); Contact Us Editor Bess Levin Contributors Jon Shazar Equity Private William Richards Executive EditorMatt Creamer Publisher David Minkin Sales & Marketing Director Elyse DiPierri Markets Wall St 247 Popular Stories from 24/7 Wall St. How Apple Killed The Future Of Search Apr 08, 2010 | 5:04 PM It's Dow 12,000 That Matters Apr 06, 2010 | 10:04 AM Toyota Was Warned Of Defects By Inside Employee Apr 08, 2010 | 9:04 AM Top 10 Analyst Upgrades and Downgrades (BUD, BIDU, EBAY, EMC, FRX, MSFT, ORCL, PMT, SINA, SOHU) Apr 08, 2010 | 12:04 PM Top 10 Analyst Upgrades and Downgrades (CNI, CELG, FSLR, JCP, MGM, POT, QCOM, SYNA, TXN, WSM) Apr 09, 2010 | 12:04 PM Ben Bernanke's Vision Of The Apocalypse Apr 08, 2010 | 10:04 AM Most Read This Week1Housekeeping: A Note From Dealbreaker HR 2Do You Want To Know Why Your Co-Workers Think You're A Weirdo? 3More Reasons to Hate Countrywide, Angelo Mozilo 4Steve Cohen's Ex-Wife Files New Suit, Makes Awesome Demand 5Lawsuit: Citi Employees Suck At Sexual Harassment Most Comments 1 Hedge Fund Manager Eric Rosenfeld Wants To Tell Your Kids A Story About Asses2 Housekeeping: A Note From Dealbreaker HR3 More Reasons to Hate Countrywide, Angelo Mozilo4 Caption Contest Friday5 Job Posting: Steve Cohen's Personal Venture Capitalist TopicsAIG Bank of America Bear Stearns Ben Bernanke Bernie Madoff Big Auto bonuses bonus watch Charlie Gasparino Citi Clusterfucks CNBC credit crunch Dick Bové Dick Fuld Fannie Mae FOREX Freddie Mac Galleon Group Goldman Sachs Hank Paulson hedge funds insider-trading Jamie Dimon Jimmy Cayne JP Morgan Chase Ken Lewis Layoffs Lehman Brothers Lloyd Blankfein Made-off Merrill Lynch Morgan Stanley Obama's Economic Superfriends performance Raj Rajaratnam SAC Capital SEC Steve Cohen TARP The Obama Portfolio Tim Geithner UBS Vikram Pandit Warren Buffett Our Sites Above the Law Dealbreaker Fashionista Going Concern Home About Us Advertising Web Help Entries (RSS) Comments (RSS)

Copyright © 2010 Breaking Media, LLC. All rights reserved. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

_qoptions={ qacct:"p-49lspY_sxMAyQ" }; _uacct = "UA-1733573-1"; urchinTracker(); var _rsCI="us-halogenbusiness"; var _rsCG="0"; var _rsDN="//secure-us.imrworldwide.com/"; var _rsPLfl=0; var _rsSE=1; var _rsSM=1.0; var _rsCL=1;

-Plessy v Ferguson

And here all I thought Christian Brothers did was make firewater… http://www.christianbrothersbrandy.com/index2.html

co-signed.

-lvp

You can log in with your account or comment as a guest below.

Nickname

Website (optional)

HTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

More subscription options"¦

Copyright © 2010 Breaking Media, LLC. All rights reserved. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

Read Full Article »