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Goldman Sachs executives sell $700 million in stock: report

Posted By admin On July 14, 2009 @ 4:43 am In Money Watch | Comments Disabled

Reuters [1]
Tuesday, July 14, 2009

NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.

The newspaper said that most of the stock sales took place while the biggest U.S. investment bank was bailed out by the government with $10 billion of taxpayer money, according to filings with the Securities and Exchange Commission.

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Goldman Sachs executives sell $700 million in stock: report 290509banner [2]

A Goldman Sachs spokeswoman declined to comment.

Goldman executives sold stock worth $691 million between September 2008 and April 2009, more than the $438 million in stock sold between September 2007 and April 2008, when the average share price was substantially higher, the Financial Times said.

Full story here. [1]


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URLs in this post:

[1] Reuters: http://www.reuters.com/article/ousiv/idUSTRE56D03R20090714

[2] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[3] Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus: http://www.prisonplanet.com/goldman-sachs-top-city-banker-michael-sherwood-receives-15-8m-share-bonus.html

[4] Financial Crisis Commission Threatens To Audit Goldman Sachs: http://www.prisonplanet.com/financial-crisis-commission-threatens-to-audit-goldman-sachs.html

[5] Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson’s Bailout: http://www.prisonplanet.com/conflict-of-interest-report-says-goldman-sachs-%e2%80%98among-biggest-beneficiaries%e2%80%99-of-paulson%e2%80%99s-bailout.html

[6] Goldman Sachs misled Congress after duping clients, Senate panel chairman says: http://www.prisonplanet.com/goldman-sachs-misled-congress-after-duping-clients-senate-panel-chairman-says.html

[7] Goldman Sachs and the $100 million question: http://www.prisonplanet.com/goldman-sachs-and-the-100-million-question.html

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