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Shell Hands $40 Billion Pension Pot to Goldman Sachs — What Could Possibly Go Wrong?
Summary by Royal Dutch Shell Plc .Com
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Shell Hands $40 Billion Pension Pot to Goldman Sachs — What Could Possibly Go Wrong?
Shell outsources risk, Goldman takes the fees, and pensioners cross their fingers. Workers gave their lives to this company, only to have their retirements parked in Goldman’s casino—sorry, “global investment platform.” Shell, the company that can’t keep oil out of rivers or nitrogen out of walkways, has now decided it can’t even trust itself with the pensions of its workers. Enter Goldman Sachs Asset Management (GSAM), freshly appointed as outs…
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