Showdown

Goldman Seeks to Repair Client Relations

Goldman Sachs CEO Lloyd Blankfein attempted to put a good face on his embattled investment bank in a tough meeting with shareholders on Friday. The Wall Street Journal reports that several speakers rose to challenge Blankfein's leadership. "The last few weeks have been...difficult and disappointing," Blankfein said. "Questions have been raised that have gone to the heart of our most fundamental value: How we treat our clients." Despite criticism, most at the meeting showed confidence in Blankfein, voting down a proposal to split the company's chairman and CEO jobs (both are currently held by Blankfein).