Goldman Boss Wants Reforms

Paulson, speaking during a meeting last week at the U.S National Press Club in Washington, said: 'I cannot think of a time when business over all has been held in less repute.......The business community has been given a black eye by the activities and behavior of some C.E.O's and other notable insiders who sold large numbers of shares just before dramatic declines in their companies' share prices.'

Paulson also said that, in order to avoid the appearance of conflict of interest, companies should not buy consulting services from their corporate auditors.