Vote at Goldman approves latest plan to offer shares; but leader of the effort says he's leaving

Article Abstract:

Goldman, Sachs & Co. will not back out of its public offering this time, but the chief proponent of the move, Jon S. Corzine, will leave the firm as it goes public. Since January Corzine has not had executive responsibilities. He was forced to relinquish those to his number two man, Henry M. Paulson Jr. who will remain the company's only chairman and CEO.

Comment:

Jon S. Corzine to leave the firm as soon as it goes public

Securities industry

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Chief resigns shared post at Goldman;shift after bond losses and delayed stock sale

Article Abstract:

Whether it's a 'palace coup' or not, Jon S. Corzine has resigned his day-to-day duties he shared with Henry M. Paulson Jr. in their top spot at Goldman, Sachs & Co. of co-chairmen and CEOs. With an upper management shift, trading will be de-emphasized and preparing for the firm's IPO later in the year will be emphasized.

Comment:

Jon Corzine resigns day-to-day duties

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