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May 10 2007 12:00PM EDT

Lord Browne Resigns From Goldman Sachs Board

On Saturday, 67 members of the British Establishment signed a letter in the FT supporting Lord Browne. It doesn't seem to have done a whole lot of good: less than two weeks after resigning as CEO of BP, Browne has now resigned from the board of Goldman Sachs as well. I can't believe he did so willingly, either – Goldman seems to be hanging him out to dry. A pity.

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