Saturday, March 9, 2013

Goldman loses a round

Chalk another one up for activist investors, the NY Post reports.  Goldman Sachs yesterday lost its bid to keep a shareholder proposal to split the chairman and CEO roles off its proxy statement.  Yesterday, the Securities and Exchange Commission informed the bank that it couldn’t block the proposal from being included among a list of proposals at its next annual shareholder meeting.

The proposal was sent by CtW Investment Group, which owns just 25 Goldman shares, for inclusion on the proxy.  Goldman argued that the proposal was vague and didn’t merit a vote. The SEC said it’s “unable to concur” with that view….

Read all about it at

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