An investigation for current long term Goldman Sachs Group, Inc. (NYSE:GS) investors over potential breaches of fiduciary duties by certain directors of Goldman Sachs Group, Inc was announced and current long-term NYSE:GS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/19/2012 -- An investigation on behalf of current long-term investors in shares of Goldman Sachs Group, Inc. (NYSE:GS) concerning whether certain officers and directors of Goldman Sachs Group, Inc. breached their fiduciary duties by paying certain top officials at Goldman Sachs excessive compensation.
Investors who are current long-term stockholders of shares of Goldman Sachs Group, Inc. (NYSE:GS). Including those who purchased their NYSE:GS shares prior to 2008 and continue to hold those NYSE:GS shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain directors and officers of Goldman Sachs Group, Inc. (NYSE:GS harmed the company by agreeing to pay certain of Goldman Sachs Group’s senior officers and executives excessive compensation.
Goldman Sachs Group, Inc. (NYSE:GS) reported that its annual Revenue declined from over $45.96 billion in 2010 to over $36.79 billion in 2011 and its Net Income decreased from over $8.35 billion in 2010 to over $4.44 billion in 2011.
Shares of Goldman Sachs Group, Inc. (NYSE:GS) declined from as high as $179.12 per share in early 2010 to as low as $88.75 per share in late 2011.
The compensation of certain top officials as Goldman Sachs Group, Inc. increased between 2010 and 2011. For instance the Chairman and CEO’s total pay rose from over $14.11 million in 2010 to over $16.16 million in 2011, the President and COO’s pay increased from over $13.86 million in 2010 to over $15.8 million in 2011,a and the CFO’s compensation rose from over $13.95 million in 2010 to over $15.81 million in 2011.
Shares of Goldman Sachs Group, Inc closed on Dec. 18, 2012, at $127.77 per share.
Those who are current long-term stockholders of Goldman Sachs Group, Inc. (NYSE:GS) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com