Goldman Rejects Shareholders' Compensation Demands

Law360, New York (March 1, 2010, 2:25 PM EST) -- The Goldman Sachs Group Inc.'s board of directors has considered and rejected shareholder demands that the company revamp its compensation policies, the financial giant said in a regulatory filing Monday.

Goldman's board has received “several demand letters from shareholders relating to compensation matters,” and, after considering them, the board “rejected the demands,” the company said in a 10K filing with the U.S. Securities and Exchange Commission.

According to the filing, the letters from shareholders demanded that Goldman investigate the compensation that has been doled out in...
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