President of AFSCME, Gerald W. McEntee, released a statement on their agreement with Goldman stating:
“Wall Street greed and conflicts of interest drove our economy into a ditch. This move is a step in the right direction to make sure Wall Street CEOs are held accountable to their shareholders and that taxpayers are not on the hook for their risky bets. AFSCME members participate in state and local government pension plans that are clients of Goldman Sachs. As clients we’re concerned that the practices of Goldman are not in the best interest of the clients they serve. The appointment of a lead director will provide a much needed and vital check on the company’s practices and conflicts of interest.”
Goldman Sachs Loses Battle with Largest Public Union in U.S.
Friday, March 30, 2012
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