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Goldman, Shell win Public Eye 'shame' awards at Davos

Published on Jan 24, 2013 6:32 PM

DAVOS, Switzerland (AFP) - Campaigners at Davos awarded their annual Public Eye shame awards to Goldman Sachs and Shell "for particularly glaring cases of companies' greed for profit and environmental sins".

At an "award ceremony" on the sidelines of the World Economic Forum in Davos, the Swiss chapter of Greenpeace and the Berne Declaration said Goldman Sachs won the jury prize, while Shell was chosen by online voters for the public award.

Goldman Sachs "is a key player in financially driven globalisation, which pays for profits of a few with exploding inequality and the impoverishment of broad strata", the groups said in a statement. They highlighted the investment bank's role in the Greek debt crisis.

"Goldman's derivative deals, which fudged Greece's way into the euro zone, pawned the future of the Greek people," said Mr Andreas Missbach, a financial expert from the Berne Declaration.

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