Nuns question compensation for Goldman Sachs executives
April 04, 2011
A coalition of Catholic nuns is behind a move to question the compensation of top executives at Goldman Sachs at the annual meeting of shareholders.
The Sisters of Saint Joseph of Boston, the Sisters of Notre Dame de Namur, the Sisters of St. Francis of Philadelphia and the Benedictine Sisters of Mt. Angel will introduce a resolution asking the board of the investment bank to explain the compensation scheme that provided nearly $70 million in pay to the firm's top 5 executives last year.
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!
Posted by: impossible -
Apr. 10, 2011 7:53 PM ET USA
Perhaps the nuns aren't aware of their hero Obama and Goldman-Sachs walking hand in hand with their hands in each other’s pockets. Of course they don’t criticize the obscene pay and bonuses paid to Fannie and Freddie executives who, with the help of liberal politicians like Christopher Dodd, crashed the US economy by forcing lenders to give mortgages to folks who had no chance of paying on them. These nuns should pray more and read more.