Sisters of St Francis, the Quiet Shareholder Activists

Not long ago, an unusual visitor arrived at the sleek headquarters of Goldman Sachs in Lower Manhattan.

It wasn’t some CEO, or a pol from Athens or Washington, or even a sign-waving occupier from Zuccotti Park.

It was Sister Nora Nash of the Sisters of St Francis of Philadelphia. And the slight, soft-spoken nun had a few not-so-humble suggestions for the world’s most powerful investment bank.

Way up on the 41st floor, in a conference room overlooking the World Trade Centre site, Sister Nora and her team from the Interfaith Centre on Corporate Responsibility laid out their advice for three Goldman executives. The Wall Street bank, they said, should protect consumers, rein in executive pay, increase its transparency and remember the poor.

In short, Goldman should do God’s work — something that its chairman and chief executive, Lloyd C Blankfein, once remarked that he did. (The joke bombed) — via redwolf.newsvine.com

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