Goldman Sachs' Paulson moves to limit hostile bids

04/18/2006 | Financial Times (free content)

Goldman Sachs CEO Hank Paulson, hoping to prevent damage to relationships with clients, has banned the use of the bank's own money to finance hostile takeovers. Other banks have spun off their private equity branches to avoid this problem. "There will be exceptions. But he wants people to be very, very thoughtful about how they position the firm," one executive said.

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