Ruth Simmon, president of Brown University and the only black board member at Goldman Sachs quit her board seat recently; coincidentally the school newspaper has been publishing some highly critical editorials of her association with the widely-despised firm..
Hopefully this a sign of the times that Goldman Sachs is fast becoming a pariah.. http://www.browndailyherald.com/simon-liebling-12-et-tu-ruth-1.2110807 ------------------------------------------------------------snip If there has been a poster child for shameless corporate excess in the throes of the Great Recession, Goldman Sachs — payer of $17 billion worth of bonuses so far this year — must be it. Fortunately, the firm’s outlandish compensation, heedless disregard for its civic debts and cynical attempts to save face with negligible charity projects have been well-documented in mass media and need no further mention here. But still, December means bonus season. So there’s no better time to risk beating a dead horse to expose an unsavory truth about the connection between Goldman’s hilariously out-of-touch bonus payouts and one of our University’s dearest and most esteemed figures. The board of directors at Goldman Sachs is divided into a handful of committees responsible for scattered elements of the firm’s operations, including the Compensation Committee, the body specifically responsible for the $17 billion of bonus packages this year. There are 10 voting members on this Compensation Committee, some big names and titans of industry among them. But included in their ranks is someone a little more down-to-earth: one Ruth Simmons, President of Brown University. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
