| HBS Case Collection
(Revised from original 2012 version)
Jim Johnson's Re-election to the Goldman Sachs Board
The case presents the opposition by a leading institutional investor in Goldman Sachs to the re-election of Jim Johnson to the board of directors of the company. The investor, Sequoia Fund, opposes the re-election citing Jim Johnson's prior track record as the CEO of Fannie Mae, which has been criticized for its role in the financial crisis and for serving on the compensation committees of two companies that experienced option backdating scandals. The case allows students to discuss issues surrounding director performance assessment, director elections, investor engagement with companies, and director reputation.
Keywords: board of directors;
Governing and Advisory Boards;
New York (city, NY);