Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein said he did not step down, despite media reports that he plans to resign it. Blankfein spoke with reporters after Goldman’s annual meeting in Jersey City, NJ, on Friday. The event included tough talk of activist shareholders on topics ranging from climate change to executive pay to legislators and regulators of accusations that the company generates profit from betting against their clients.
A well-known shareholder Evelyn Y. Davis said at the beginning of the meeting that Blankfein should resign once the session was over.
When asked by reporters why he wanted to stay Blankfein joked: “And give you all this?”
At the meeting, all directors of Goldman approved by more than 90 percent of shareholder votes, while proposals for more disclosure of executive pay and political expenditures, among other issues, not a majority.
The meeting took place at the offices of Goldman tower in Jersey City instead of its new headquarters across the Hudson River in lower Manhattan. Employees moved to more glamorous site, that cost Goldman $ 2,100,000,000 to build last year.
Goldman shares rose 0.4 percent to $ 150.95 in late morning trade. The stock is down 10.2 percent this year, compared with a decrease of 6.2 percent for the rival Morgan Stanley and a 7.6 percent gain for the S & P 500 index.
source:reuters
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