Is Lord John Browne cutting all ties to the business world? Less than two weeks ago, the German-born aristocrat resigned from British Petroleum after lying about how he met his former gay lover. Now, Browne’s distanced himself from the board of titanic investment bank, Goldman Sachs. WSJ reports:
BP PLC former Chief Executive John Browne resigned from the board of Goldman Sachs Group Inc., a week after leaving the oil company over a personal scandal.
A person familiar with the matter said Lord Browne offered to resign from Goldman Sachs because of the reputation issue that followed his public acknowledgment of having lied to a British high court about his former lover.
Goldman Sachs big wig Lloyd Blankman says, “Browne has made an enormous contribution to Goldman Sachs and our culture of teamwork, excellence and client service”. Wait..isn’t it client service that brought Browne down?