Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 5 February 2013
Length: 8 pages
Data source: Published sources
Abstract
The case presents the opposition by a leading institutional investor in Goldman to the re-election of Jim Johnson to the board of directors of the company. The investor, Sequoia Fund, opposes the re-election citing Jim Johnson's prior track record as the CEO of Fannie Mae which has been criticized for its role in the financial crisis and for serving on the compensation committees of two companies that experienced option backdating scandals. The case allows students to discuss issues surrounding director performance assessment, director elections, investor engagement with companies, and director reputation.
Size:
Large employees
Other setting(s):
2012
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 March 2014
Length: 10 pages
About
Abstract
The case presents the opposition by a leading institutional investor in Goldman to the re-election of Jim Johnson to the board of directors of the company. The investor, Sequoia Fund, opposes the re-election citing Jim Johnson's prior track record as the CEO of Fannie Mae which has been criticized for its role in the financial crisis and for serving on the compensation committees of two companies that experienced option backdating scandals. The case allows students to discuss issues surrounding director performance assessment, director elections, investor engagement with companies, and director reputation.
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Size:
Large employees
Other setting(s):
2012
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 March 2014
Length: 10 pages