Investor support for Goldman bosses’ pay sinks to 9-year low

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Goldman Shutch received the lowest level shareholder support for his executive pay packages in almost a decade following the criticism of Chief Executive David Solomon and President John Waldron.

In the so -called speech at Goldman’s annual general meeting on Wednesday, 66 percent of the 66 percent of the vote supported the investment bank’s salary plan, which is the lowest level support since the 2016 2016.

This vote also identified the minimum support for a large pay proposal from the US Bank since 2022, while the JP Morgan Chase shareholders rebelled on CEO Jamie Dimon’s remuneration package.

That year, only one -third of the JP Morgan supporters supported Dimon’s salary, which included a special award worth about $ 50 million worth of dollars. Zepimargan said it later Its CEO will not give special rewards In the future.

While Goldman The vote is the nonbinding, the muted level support, the investors reflect their top two executive conservative bonuses with the plans to pay more similar to a private capital group.

Proxy adviser Glass Lewis and institutional shareholder services suggested voting against shareholders’ pay plans.

Goldman, whose largest shareholders include Vanguard, Blackrock and State Street, awarded Solomon and Waldron to a five -year retression bonus in January.

Rewards for Solomon and Waldron, which came to the top of $ 39 million and $ 38 million on their annual wages, adding that Waldron is that Waldron is Solomon is most likely to succeed As CEO as executive.

Glass Lewis criticized the bank for not tie the awards to the Metrics. Goldman preserved the awards, he said that they needed to maintain their top talent and to provide 100 percent of their stocks meant they were combined with the interests of shareholders.

Goldman’s 15th largest shareholder Norway’s sovereign wealth fund says it has voted against pay packages.

“The [company’s] To avoid unacceptable results, the board should provide transparency of total remuneration, “Nejs Bank Investment Management.” The Board should confirm that all the benefits are obvious business arguments. “

A large pension fund in California Calstros also said it had voted against Goldman’s salary.