Goldman Sachs Was Cowardly To Dump Village Voice Media Over Sex Trafficking
When Nicholas Kristof of the New York Times starting asking questions about Goldman Sachs’s partial ownership of Village Voice Media, the investment firm got nervous. Village Voice Media, parent company of the LA Weekly, also owns Backpage.com, a site that’s taken some heat for running “escort ads” selling trafficked women and children. By Friday, Goldman Sachs had sold its 16% stake in the company.
And that, as Yosemite Sam would say, makes them lily-livered cowards.
If Goldman Sachs gave a damn about victims of sex trafficking, they would have used their 16% influence to shut down the adult services ads.
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