Simmons Awards Bonus to Goldman Sachs CEO

It’s no secret that President Ruth Simmons has aligned herself with leftist causes—her backing of the reparations movement being the most obvious example—so it was interesting to see how her ideology influenced her decision, as a board member, on whether to give a bonus to the CEO of the Goldman Sachs Group Inc. Well, the Providence Business News is reporting that the CEO got his bonus—$9 million. That’s a lot less than the $67.9 million he got in 2007 when company revenues were $2 billion less than they were last year. The news article says Simmons and the board board spent some time deliberating over the bonus and were cognizant of the need to exercise ‘restraint.’ We don’t know the details of the voting process and Simmons’ role, but the fact that she continues to serve on the board for Goldman Sachs, reflects a degree of pragmatism that is often wanting on Brown’s campus.