Just One Minute
Balanced Fare: We Report, You Deride

Thursday, June 06, 2002

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."

Comments: Post a Comment