"That's amazing," says Goldman Sachs (GS -0.4%) chief Lloyd Blankfein after not receiving a single question from shareholders at the annual meeting today in Texas. It's the first time since at least the financial crisis management hasn't been queried at this event.
In other news, roughly 83% of shareholders approved the executive pay package.
Asked by reporters about whether Goldman is feeling pressure to exit or whittle down its commodities and fixed income trading businesses, Blankfein tweaked rivals who are doing just that: “I’ve been doing this over 30 years. I think it’s a vanity to say that something that has worked is not going to work from this moment forward.”
Perhaps the most interesting part of the meeting is the location itself - Irving, Texas is a long way from Goldman's NYC headquarters. Some say the bank did this to avoid questions/protests, but Goldman - which has been busily expanding in lower-cost locations - says it wants to highlight this trend.