Goldman Sachs Heeds Faith-based Investors
April 16th, 2012
Goldman Sachs, one of the world’s most powerful financial firms, has been forced to pay attention to faith-based shareholder advocacy.
The Rev. Seamus Finn, OMI, Director of the OMI JPIC Office was quoted in a recent Wall Street Journal article: “It’s been a difficult transition for …[Goldman to figure] out how to be a public company.” The Missionary Oblates of Mary Immaculate owns 286,000 shares of Goldman, and agreed after discussions with the firm’s investor-relations chief Dane Holmes to withdraw its proposal focused on Goldman’s practices with clients and tax secrecy. Fr. Seamus explained, “They finally recognized that we’re not going away and they have to at least engage us.”
Father Finn has met in the past with John F.W. Rogers, Goldman’s board secretary, with Mr. Blankfein and Goldman’s president, Gary D. Cohn.
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