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Goldman Sachs sued by big pension fund over pay
March 10, 2010
The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behalf of other shareholders.
It seeks to stop Goldman from allocating roughly 47 percent of 2009 net revenue as compensation, saying such allocations “vastly overcompensate management and constitute corporate waste.”
Read Article: Reuters
Posted By: Phoenix DUI Attorney
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