Beginning of the End? Goldman under pressure to reveal lobby ties

Marketwatch reports that the Needmor Fund, a small foundation based in Toledo, Ohio, wants Goldman Sachs to lift the veil on its lobbying activities and the advocacy groups it backs financially.

“Goldman Sachs has become a target for public criticism recently,” said Needmor executive director David Beckwith. “As owners we are concerned that the company uses its power and money in a responsible way as it seeks to influence public policy.”

The fund, which has roughly $24 million in assets, has set up a shareholder vote at the company’s May 24 annual meeting on a nonbinding proposal calling on Goldman GS +1.66%   to reveal its lobbying activities — in detail….

http://www.marketwatch.com/story/goldman-sachs-under-pressure-to-reveal-lobby-ties-2012-04-23