NEW YORK—Shareholders at the Goldman Sachs’ annual meeting in New York last week re-elected investment bank Goldman Sachs Group Inc. Chairman and CEO Lloyd Blankfein, with a 95 percent “Yes” vote.
There had been some speculation that Blankfein may be forced to resign following recent fraud charges by the Securities and Exchange commission on the firm’s failure to disclose certain characteristics of a security it sold in 2007.
At the meeting, Blankfein announced plans to form a business standards committee to investigate the firm’s client and business relationships from an ethics standpoint. “We need a rigorous self examination,” he noted. No formal appointments have been announced as of today.
The Rev. Jesse Jackson said at the meeting that the firm should diversify its board to include more blacks and more women, according to a MarketWatch report.