6/06/2002 09:49:00 AM
by The MinuteMan
When Goldman Sachs Speaks, People Listen
And yesterday at a National Press Club lunch meeting, the Chairman of Goldman Sachs
spoke about corporate governance and the need for reforms. Despite the fact that he is not an elected official or a government appointee, even Paul Krugman
may admit that this is a push for reform.
UPDATE: When Goldman Sachs speaks, the NY Times listens. After discussing the Chairman's comments and mentioning initiatives at the New York Stock Exchange and Standard & Poors, the NY Times editorial
page tells us that:
"Self-interest is forcing meaningful, if piecemeal, reforms. This crisis of investor confidence is a serious economic threat. In order to advance the national interest, Congress ought to join the reform effort.