Steeling the board

Goldman Sachs is capitalising on its credit crunch resilience. While rival banks face the prospect of having to overhaul their shamed boards, Goldman has afforded itself the luxury of broadening the knowledge base of its own. It added billionaire steel magnate Lakshmi Mittal over the weekend, its first new director since Lord Browne, the former BP boss, departed amid a personal scandal in May 2007. Mittal, the richest Asian in the world, brings a wealth of experience in the one region that is s...