GOLDMAN SACHS GIVES THE FINGER TO ITS OWNERS

In another example of corporate feudalism, Goldman Sachs has refused a request by its owners, the shareholders, that it revamp its pay policies.

Goldman board rejects shareholder demands on pay

NEW YORK (Reuters) - Goldman Sachs Group Inc's (GS.N) board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.

Wall Street's dominant bank, criticized for paying billions of dollars in bonuses soon after the taxpayer bailout of the banking industry, reported the board's decision in a regulatory filing on Monday.