Rochester, NY 8/12/2009 3:37:13 PM
After Hours - Goldman Sachs Group Inc., GS - U.S. government let Goldman clears side about compensation
Goldman Sachs Group Inc.,
The U.S. government ask Goldman Sachs Group Inc. to clarify about its compensation practices and credit derivative instruments, the firm said on Wednesday.
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Based on regulatory filing, Goldman's board has received several letters from shareholders about compensation. It said the letters have included demands that the board investigate compensation in recent years, begin recouping so-called excessive compensation, and consider reforming pay practices.
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