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Jonathan Weil

Goldman Sachs Needs a New Audit Committee: Jonathan Weil

Goldman Sachs Group Inc.’s reputation sustained a body blow last year when the firm paid $550 million to settle a fraud claim by the Securities and Exchange Commission over its sales of a mortgage-bond deal called Abacus. The integrity of its financial statements, however, has never come under serious challenge.

Maybe investors should think twice, though, considering the backgrounds of some of the directors responsible for ensuring the sanctity of Goldman’s numbers.