There were no legal rules against spinning. The only question is one of ethics. And there, the question is this Did Goldman see him as a future dispenser of future business There's no way to know.
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This is a positive, historic event.John Coffee
I suspect this rush to settle the civil antitrust actions and the securities class action are the product of both an approaching deal with the government involving a plea of guilty to criminal price fixing, and also the approaching shareholders meeting.
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Business isn't necessarily committed to the same principles. Federalism cuts for or against them.
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It's going to change the board from a prudential body and a restraining influence into a bunch of cheerleaders. It will give the board a strong incentive not to look too closely at the numbers. It puts directors on the same side as management.
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This is not a populist demand for reduced compensation. This is a demand for more accountable compensation that in effect allows investors to relate pay to performance.
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I would expect that both sides now are struggling to control the board. It may be that there are directors who were appointed by each side, but outside independent directors are not going to be loyal to someone if there is strong persuasive evidence that that person was involved in fraud.
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Based on Topics: Ethics Quotes, Future QuotesBased on Keywords: dispenser, goldman
Everyone is trying to accomplish something big, not realizing that life is made up of little things.
Frank Howard Clark
I die the king's faithful servant, but God's first.
Thomas More
Behind the footlights there is always the applause, which stimulates the actors. On the screen it is a different matter.
Ivor Novello