Steel: The Top is In II
LONDON: The steel magnate Lakshmi Mittal joined the board of Goldman Sachs as an independent director, the company announced Sunday, underlining the growing mutual dependence of the developing world and Wall Street's titans.
The very same Lakshmi Mittal who last week announced that, in so many words, steel prices have reached what looks like a permanently high plateau (© Irving Fisher Sep. 1929).
Mittal joins Goldman Sachs board
by Julia Werdigier
International Herald Tribune Jun. 29 2008
Lakshmi N. Mittal to Join Goldman Sachs Board
Press release Jun. 29 2008
Earlier on NakedShorts
Steel: The Top is In
Jun. 29 2008
Does that mean Mittal got on the GS board to influence the speculative traders, or that GS got Mittal on their board to "prove" there was no speculator conspiracy, well before Congress returns from its Long Nap. Every spin-up has a nascent period.
Posted by: Ron Fishman | June 30, 2008 at 01:16