COMPANIES Two of Goldman Sachs’ top executives, including Jon Winkelried, the co-chief operating officer, were allowed to sell part of their positions in the firm’s proprietary, illiquid investment funds last year, according to Goldman’s preliminary proxy statement, filed on Friday afternoon.
Mr Winkelried and Gregory Palm, the firm’s general counsel, both entered into “related party” transactions with Goldman in 2008, allowing them partially to sell, or “cash out” of, their holdings. According to the filing, Mr Winkelried received $19.7m and Mr Palm $38.3m from the sales.
