Goldman shareholders urged to vote against one-off executive bonuses
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© Reuters. FILE PHOTO – The Goldman Sachs logo can be seen in New York City on the New York Stock Exchange’s trading floor. This is New York City (NYSX) November 17, 2021. REUTERS/Andrew Kelly(Reuters] – The proxy adviser Glass Lewis suggested that Goldman Sachs Group The shareholders of Inc (NYSE:), voted against the special bonuses that were given to the bank’s top executives during the shareholder meeting. This was reported by the Financial Times on Friday.
A regulatory filing was made in October 2013 by the bank. It stated that the bank would award $30 million worth of performance-based stock to David Solomon, chief executive officer, and $20,000,000 in stock to John Waldron the bank president. These awards will be made in October 2026.
Financial Times reported that the awards were extended to other bank managers in January.
The annual Goldman general meeting on April 28 will see the participation of shareholders in deciding on the compensation plan.
The request of Reuters to the bank for comment was declined by the bank.
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