Friday, May 11, 2007

Lord Browne quits Goldman Sachs


This is the right move. It is difficult to see Lord Browne continuing as head of the Goldman Sachs Audit committee after having brazenly lied under oath to an English court.

Onésimo Alvarez-Moro

See article:
Lord Browne of Madingley has resigned as a director at Goldman Sachs.

The move follows his resignation as chief executive of oil giant BP amid revelations he lied to a court over how he had met a gay partner.

Lord Browne had been on the board of directors at the investment bank since 1999 and served as the chairman of the audit committee, among other roles.

Goldman Sachs chief executive Lloyd Blankfein said Lord Browne had made an "enormous contribution".

See full Article.