The Business Insider – Sister Judy Byron, who coordinates the faith-based Northwest Coalition for Responsible Investment and is a longtime proponent of this resolution, said: \u00a0\u201cGoldman Sachs\u2019 announcement of record bonuses is a stark reminder about how executive compensation is spiraling out of control for many firms. \u00a0It is important that citizens and shareowners both act as voices of reason. \u00a0As Fortune reminded us in 2007, top executives earn 364 times the pay of the average worker. \u00a0CEO pay increases significantly for many executives even in rough times, while layoffs skyrocket and pay for average employees stagnate.<\/p>\n
Laura Berry, executive director of the Interfaith Council on Corporate Responsibility, said: \u00a0\u201cAs prudent investors, we have a responsibility here to act as the conscience of Wall Street, especially when it fails to do so on its own. \u00a0How is it possible that the year after billions of taxpayer\u2019s dollars helped companies like Goldman Sachs return to financial health, this company shows absolutely no restraint? \u00a0Goldman Sachs is poised to become the poster child of the company that drives income disparity in the United States.\u201d<\/p>\n