In a speech to the Council of Institutional Investors in the US, pocked by protestors’ jeers and boos aimed at the protestors, Goldman Sachs CEO Lloyd Blankfein suggested that Wall Street and banking firms need to dramatically change compensation packages, among other reforms. Reuters The Financial Times reports that in his speech he argued that “Employ American” rules tacked to bailout money for banks is protectionist and could prompt a negative reaction outside the US. Goldman Sachs has received $10 billion in US government aid.
Posted by Ellen Wallace on 8 April 2009 at 7:36, last updated on 20 May 2009 at 8:39 | permalink
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News story, GenevaLunch, 8 April 2009.
Filed under: World news
Tags: Business and finance, Goldman Sachs
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