Goldman Sachs Faces Off With Shareholders

Goldman Sachs had its annual shareholders meeting in New Jersey on Friday. So Lloyd Blankfein had the chance to sit in front of a room full of investors and explain why he got a $5.4 million bonus last year even though stocks were down 38 percent. Seriously, this guy must have cajones as big as his bald head. At this point, there are no plans for the CEO to step down.

Somehow, shareholder compensation proposals that would restrict pay didn’t pass and the directors got re-elected.

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