Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, the FT reported, citing SEC filings. Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the troubled asset relief programme. A spokesman declined to comment on the sales, other than to note that Goldman partners receive a big share of annual bonuses in stock, and that for many, stock sales are an effort to diversify their holdings. Goldman will report its second-quarter earnings on Tuesday.

This entry was posted by Stacy-Marie Ishmael on Tuesday, July 14th, 2009 at 4:50 and is filed under Capital markets. Tagged with goldman sachs. Edit this entry.