Wal-Mart's (WMT) Scott: I Don't Have Enough Time for Goldman (GS)

March 18, 2011 8:18 AM EDT
The Goldman Sachs Group, Inc. (NYSE: GS) reports that H. Lee Scott will not stand for re-election to their Board of Directors.

The decision is the "result of increasing time requirements associated with his other commitments."

Scott was Wal-Mart's (NYSE: WMT) third CEO from 2000 - 2009. He continues to serve as a member of the Strategic Planning and Finance Committee.

Scott has been a director of Goldman Sachs since 2010.


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