Law360, New York (March 01, 2010, 2:25 PM ET) -- 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...
Goldman Rejects Shareholders' Compensation Demands
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