Lloyd Blankfein to Face Horde of Angry Nuns at Goldman Shareholder Meeting


One week after their appearance before a Senate subcommittee, Lloyd Blankfein et al. are expected to face another set of angry faces: those of their shareholders. Recent events are likely to upstage last year's blockbuster earnings at this Friday's annual shareholder meeting, and executives will likely be faced with questions about the SEC lawsuit, the criminal probe, the attendant tanking of Goldman Sachs shares, and — perhaps most onerously — their decision to reject proposals from shareholders which suggested, among other things, that God's emissaries reform the company's compensation structure. To make matters worse, according to Bloomberg:

[T]hree of the seven shareholder proposals came from religious organizations such as the Maryknoll Sisters of St. Dominic, a Catholic missionary order based in Maryknoll, New York.

Somehow, we suspect that the shareholding Sisters are not going to be entirely satisfied with the fact that these guys will be punished in the afterlife.

Blankfein Meets Shareholders Suffering Goldman Integrity Crisis [Bloomberg]