The Board of Directors of The Goldman Sachs Group Inc. announced Friday that it had accepted the resignation of Meg Whitman, President and Chief Executive Officer of eBay Inc., as a Goldman Sachs Director, effective immediately.
"We are grateful to Meg for the contribution she has made as a director," said Henry M. Paulson, Jr., Chairman and Chief Executive Officer. "We have benefited from her insight and dedication, and thank her on behalf of Goldman Sachs and its shareholders."
The House Financial Services Committee of the U.S. House of Representatives is examining Goldman Sachs, a leading global investment banking and securities firm, for possibly offering pre-IPO shares for sale to preferred clients, including eBay executives, in exchange for investment-banking business.
Procter & Gamble, a leading consumer brands marketer, recently elected Whitman to its Board of Directors, effective January 1, 2003.
