By Richard Teitelbaum
Amid a storm of criticism, government investigations and an SEC suit, the investment bank’s outside directors have failed to speak out.
Greg Palm, Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman, a former Goldman chairman who was then head of the audit committee of its board of directors. Goldman’s stock was down 65 percent from its 52- week high during an accelerating global financial breakdown.
