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

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Goldman Sachs in almost a decade has received the lowest shareholders’ support packages for his executive payment packages, following the criticism of John Wallodon, Chief Executive Director.

On Wednesday, 66% of votes for voting on Goldman’s annual general meeting have supported the payment plans of the investment bank, the lowest level of support since 2016.

The voting also mentions the lowest US support for the great proposals of the US Bank since 2022, when JPMorgan Chase shareholders revolted the Package of the Chief Executive Director Dimon.

That year, only one third of JPMorgan shareholders supported the salary of the Dimon, which included a special award, which costs about $ 50 million. JPMorgan later said that would not give his chief executive Officer In the future.

Whereas Golden man The voting does not meet, the separate level of support reflects the anxiety of investors with the bank’s plans, the bonuses of its first leaders are more similar to the private capital group.

Proxy Advisors are glass Lewis and institutional shareholders, which shareholders voted against payment plans.

Goldman, the largest shareholders include avant-garde, Blackrock եւ State Street, awarded Solomon and Waldron five-year storage bonuses.

Awards for Solomon and Walron, respectively, paid 39 billion dollars and 38 million dollars, increased speculations that WALDRON Most likely to succeed in Solomon as a chief executive.

Glass Lewis criticized the bank to the measurement of non-prizes. Goldman defended the prizes, saying that it is necessary to maintain its high talent, and that paying 100% means that they are in line with the interests of shareholders.

Norwegian’s sovereign wealth fund, the 15th Goldman shareholder stated that he had voted against payment packages.

“The [company’s] The council should give transparency about the general remuneration to avoid unacceptable results, “said the management of the new Jean Bank. “The council must ensure that all benefits have all benefits.”

The Great California Pension Fund also said that the California Pension Fund also said that he voted against Goldman’s salary.