According to Dealbreaker: In things that are not a surprise, a Delaware court this week threw out a lawsuit against Goldman Sachs directors and officers for paying bankers and traders The Wrong Way. Specifically:
The Plaintiffs contend that Goldman’s compensation structure created a divergence of interest between Goldman’s management and its stockholders. The Plaintiffs allege that because Goldman’s directors have consistently based compensation for the firm’s management on a percentage of net revenue, Goldman’s employees had a motivation to grow net revenue at any cost and without regard to risk….
Read more at http://dealbreaker.com/2011/10/goldman-wont-let-a-few-pesky-shareholders-stand-in-the-way-of-its-bonuses/#more-55648
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