Goldman Sachs Executives Sold $700 Million Of Stock - Report: "LONDON (AFP)--Executives at U.S. banking giant Goldman Sachs Group Inc. (GS) sold almost $700 million worth of stock after Lehman Brothers Holdings Inc. ( LEHMQ) collapsed in September, the Financial Times reported Tuesday.
Most of the sales, worth GBP431 million ($701.8 million), occurred when the firm enjoyed the support of $10 billion in U.S. government capital injections, the London-based newspaper said.
The FT based its report on compilings the newspaper had made of filings by banking executives with the U.S. Securities and Exchange"
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Monday, July 13, 2009
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