President Ruth Simmons has decided not to continue in her position on the Board of Directors of Goldman Sachs, the firm announced Friday. Her decision is the result of “increasing time requirements associated with her position as President,” according to the statement.
Simmons joined the board in 2000, when she was president of Smith College. Simmons told The Herald that, while she can “fully accept” scrutiny of the company, she cannot determine policy as a single board member.
“You’re not in charge of everything that your friends do and every policy that organizations that you’re affiliated with issue,” she said.
Simmons said she did not expect bad publicity directed at the firm to reach Brown.
Read Monday’s Herald for more.