She’s Baaack

Corporate gadfly Evelyn Y. Davis has been reasonably quiet since marrying for the fourth time.

But proxy season is her favorite time to agitate men everywhere, and this time around it looks like Goldman Sachs is the object of her scorn.

A suit filed in the U.S. District Court for the Eastern District of New York named Goldman’s board, officers and management as defendant’s, challenging the sufficiency of the February proxy and compensation of key employees.

Evelyn, the record owner of 200 Goldman shares, is apparently taking exception to excessive compensation in the form of undervalued options awards, and proposes "no future new stock options are awarded to anyone, nor that current stock options are repriced or renewed." Goldman clearly disagrees, believing the existing compensation program is "appropriately structured". Evelyn, looking good in a ten-year old photo above, might not have Lloyd Blankfein shaking in his boots but we would not underestimate her. Just ask her first three husbands. You go girl! ------------------------------------------------------------------------------------------------
The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No position in GS

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