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 | permalink
        Post Comment  
 

News story, GenevaLunch, 8 April 2009.

Filed under: World news

Tags: ,

You can leave a response, or trackback from your own site.

We are happy to have your comments, which are approved before they appear: please remember to be courteous and brief. We accept only comments directly related to an article. We do not accept comment spam - messages sent to more than one site. Thank you!
POST A COMMENT

 

<< GO BACK