Goldman Sachs (GS) names James Schiro as new independent lead director, a position the bank...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) names James Schiro as new independent lead director, a position the bank recently created to give more power to appease some shareholders. Schiro, a former CEO at Zurich Financial and at Pricewaterhouse, has been on the GS board since 2009 and recently chaired the audit group. He replaces John Bryan, who will step down next month.