College President Withdraws from Goldman Sachs Board

By Janet Lorin

As much as higher education and corporate America would like to be engaged, college presidents are struggling to reconcile the demands and values of academia with shareholder skepticism about their boardroom commitments.

Marathon Oil Corp. investors cast 67.5 million votes against Rensselaer Polytechnic Institute President Shirley Ann Jackson in April after a shareholder questioned whether she had time to serve. At Goldman Sachs Group Inc., Brown University President Ruth Simmons declined to stand for reelection in May, citing time demands, amid student criticism of her tie to the company, which was involved in the Wall Street meltdown.

Continue reading BP-to-Goldman Boards Become Hot Seats for College Presidents

Catherine Austin Fitts’ Blog Commentaries

Scrutiny of Goldman’s Board Focuses on Silence Over Conflicts 30 June 10

Goldman Whac-a-Mole 12 May 10