Last look at Van Nuys location
Tricks and treats of 'Deceptive Practice'
No it's not the crazy stock market, which at last check was back down after making up all its earlier losses. It's the crazy Goldman Sachs annual meeting, which stars CEO Lloyd Blankfein and features any number of disgruntled shareholders. (You know it's a big deal because Jesse Jackson showed up to say a few words.) Blankfein says he wants to clean up the firm's cruddy image, though he hasn't said much about the SEC case. His own job appears safe - shareholders turned down overwhelmingly splitting up the chairman and CEO positions, which was the beginning of the end for Disney's Michael Eisner. From the WSJ's live blogging:
A shareholder asks if the current issues have hurt business. Blankfein said it is "hard to tell" because "you don't hear a call you don't get" but things look positive. "On the whole our business has held up quite well given the support from our clients," Mr. Blankfein said. "It sets me back a bit, the enthusiasm we have gotten."