4 Financial Stock Stories to Take to the Bank
Goldman Sachs Group (NYSE:GS): Closing price $145.02
A large shareholder, CtW Investment Group, sent a letter to the firm on December 13th, calling on the board to adopt an independent chairman. CtW works with pensions sponsored by a group of unions, with 5.5 million members and $200 billion in assets. Goldman is now attempting to keep the proposal off the proxy ballot, following an endeavor in 2012 against a like proposal by a different activist group that resulted in the company naming a lead outside director.
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