Half a world away from Wall Street, the board of directors of embattled Goldman Sachs were meeting in India amid reports that senior executives have talked about splitting the roles of chief executive and chairman, both held now by Lloyd Blankfein. CNBC writes that the meeting is the first in India for the directors of the investment bank.
Access to the presidential suite hired by Goldman Sachs at Mumbai's landmark Taj Mahal Palace hotel, which was heavily damaged during the deadly November 2008 militant attack on the financial capital, was blocked to non-guests on Thursday morning.
Goldman declined to give any details of the annual board meeting, but a source previously told Reuters the U.S. bank had scheduled it in India in a sign of its "commitment" to the fast-growing emerging market….
Read all about it at http://www.cnbc.com/id/46888711
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