Greg Palm

Greg Palm News

  • Goldman Expansion Beyond N.Y. Leads Shareholders to Texas

    Goldman Sachs Group Inc. has expanded its workforce outside New York and San Francisco mainly to cut costs. Its office in Irving, Texas, also aims to boost revenue.

  • Scrutiny of Goldman’s Board Focusing on Silence Over Conflicts

    Greg Palm , Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman , a former Goldman chairman who was then head of the audit committee of its board of directors. Goldman’s stock was down 65 percent from its 52-week high during an accelerating global financial breakdown.

  • Goldman's Silent Board

    Amid a storm of criticism, government investigations and an SEC suit, the investment bank’s outside directors have failed to speak out.

  • Goldman Tried to Sell Its Piece of Abacus

    Goldman Sachs Group Inc., which is facing a fraud suit from the U.S. Securities and Exchange Commission over its sale of a mortgage-linked security in 2007, tried to get rid of its portion of the deal, a lawyer for the firm said.

  • Goldman Says SEC Case Hinges on One Employee's Actions

    Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions of the employee it placed on paid leave this week.

  • Goldman, Citigroup, AIG, IKB, Galleon in Court News

    Goldman Sachs Group Inc. has signaled it will fight a U.S. lawsuit over subprime mortgage instruments the same way Bank of America Corp.’s Merrill Lynch unit and UBS AG have challenged similar claims -- by invoking the concept of caveat emptor: Latin for buyer beware.

  • Goldman Says It Didn't Mislead Investors

    Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, reported that net income almost doubled in the first quarter and said it didn’t mislead investors.

  • Goldman Takes Little Blame in Senate Defense: Ann Woolner

    For a moment last week as the Goldman Sachs drama unfolded, it looked as if the bank might defend itself against a sensational civil fraud charge by hanging out to dry one of its vice presidents, the fabulous Frenchman, Fabrice Tourre .

  • Goldman Sachs Investors Re-Elect Company’s Directors, Approve ‘Say-on-Pay’

    Goldman Sachs Group Inc. , the fifth- biggest U.S. bank by assets, said shareholders re-elected the company’s directors and approved a compensation plan for top executives.

  • Blankfein Won't Step Down, Says Goldman to Bolster Standards

    Goldman Sachs Group Inc. shareholders re-elected Chief Executive Officer Lloyd Blankfein as chairman and voted against splitting the two roles after Blankfein said he has “no current plans” to step down.

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