A few months ago, a number of Goldman Sachs shareholders suggested that they have some sort of say on Lloyd Blankfein and the rest of his team’s pay. At the time LB and Co humored them because of the whole public image crap, and since it’d been suggested in their sensitivity training classes to “take a second and listen to what others have to say,” no matter how stupid they may be. Finally the torturous period of enforced “acting like you care” ended and my god, it felt so good to fire off a note letting clients know that next time, before drafting a letter full of feelings and ideas re: how the company should be run, to ask thyself, “Does anyone in the c-suite give a shit about what I think?” Most people feel in line but either the scamps at the Christian Brothers Investment Services didn’t get the memo or they’re trying to workshop some sort of comedy routine because what they’re suggesting is a real gas.

A call for the separation of the powers of Goldman Sachs chairman and chief executive Lloyd Blankfein at the next annual meeting relies on the UK example as part of its arguments. Among the seven extra resolutions proposed by Goldman Sachs investors at the annual meeting in New York next month, the Christian Brothers Investment Services group wants the chairman to be an independent member of the board.

Pointing to the UK and other international centres, the Christian Brothers say that an independent chairman “can enhance investor confidence in our company and strengthen the integrity of the board”.

First off, when it comes to LB, you don’t separate anything, nuclear powered nutsacks or otherwise. Second, “strengthen the integrity of the board”? Lloyd has integrity (charm and panache) oozing out of every known and unknown orifice. You couldn’t jam any more integrity into that thing if you tried.

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (11)

  1. Posted by Anonymous | April 9, 2010 at 2:39 PM

    I’m with the Christian Bros

    -Plessy v Ferguson

  2. Posted by PermaGuest | April 9, 2010 at 2:47 PM

    And here all I thought Christian Brothers did was make firewater… http://www.christianbrothersbrandy.com/index2.html

  3. Posted by Anonymous | April 9, 2010 at 2:48 PM

    co-signed.

    -lvp

  4. Posted by Anonymous | April 9, 2010 at 3:08 PM

    goyums!

  5. Posted by Anonymous | April 9, 2010 at 3:10 PM

    *stitches

    -grammar police

  6. Posted by Anonymous | April 9, 2010 at 3:12 PM

    nice face

  7. Posted by Bess Levin | April 9, 2010 at 3:16 PM

    @5 it’s a matter of spelling, not grammar.

  8. Posted by muchado | April 9, 2010 at 3:44 PM

    Memo to CBs: God is NOT on your side. From: His Son.

  9. Posted by Novice | April 9, 2010 at 4:27 PM

    @5 Did you enjoy the diction gestapo?

  10. Posted by Arthur Mboue | April 22, 2010 at 11:26 AM

    Since the Clinton administration and the appointment of Robert Rubin (Goldman Sachs), This partnership has played all the financial role in Washington DC (from peso help to today’s financial crisis through constitutional crisis of the minority acting change President). this role must be examined. It is not because Bob Rubin was making a lot of money at citigroup w/o being able to describe his own responsibillites, this company tie the US Treasury and US Secret service is still under scrutiny. The reading of our US constitution article 2, all 4 sections will show no look alike, acting, rerun or use of people requirements for the US Presidency, but Goldman sachs has done everything it could to dominate the fundraising and frauds associated with the violation of this US constitution article 2, we will know
    Any one (black, white, poor, wealthy, famous, …) who violates our US constitution will have NO scapegoat, alibi,.. the group will get to the Nixon Presidency and the country will get its reputation back
    Arthur Mboue, MBA, JD

  11. Posted by oem software | May 1, 2012 at 9:59 PM

    bdslfh Thanks so much for the blog article.Thanks Again. Much obliged.

Leave a comment

You can log in with your account or comment as a guest below.