Then there is Lee Scott who was CEO of Wal-Mart in Mexico when claims of bribery by Wal-Mart arose. He served on the business standards committee on the board at Goldman but left soon after.
At the present time, Rajat Gupta, former Goldman board member, is being investigated for insider trading.
Goldman is having a hard time finding board members who do not exude a whiff of scandal. Soon there may be no other choices but the tainted ones.
Goldman's bad board seatRead the entire article here
By Beth Kowitt - CNN Money
FORTUNE – In times like these, companies might need a scorecard to keep track of the alleged misdeeds and missteps of those at the top. Take, for example, an especially problematic seat on the Goldman Sachs (GS) board. On March 19, 2010, Goldman put out a press release announcing the nomination of a new board member -- former Wal-Mart CEO Lee Scott. Goldman was still feeling the heat in the aftermath of the financial crisis, and Scott had the right résumé and experience. After all, he had led Wal-Mart through its own public relations troubles.
Two months later Goldman CEO Lloyd Blankfein announced that he was launching a business standards committee; Scott would be one of four board members on it. But Scott stayed on the board for just a year. When he left, in 2011, he said it was because of time constraints.