Tags: goldman sachs shareholders | ceo and president bonuses | glass lewis

Goldman Shareholders Urged to Vote Against CEO, Prez Bonuses

Solomon
Goldman Sachs CEO David Solomon (Getty Images)

Friday, 08 April 2022 12:40 PM EDT

Proxy adviser Glass Lewis has recommended that Goldman Sachs Group Inc's investors vote against special bonuses awarded to its top two executives at the bank's shareholder meeting, the Financial Times reported Friday.

In a regulatory filing in October last year, the bank said it would grant performance-based stock worth $30 million to Chief Executive Officer David Solomon, and $20 million in stock to John Waldron, the bank's president. The awards would be paid out in October 2026.

The awards were then expanded in January to include other members of the bank's management, the Financial Times report said.

Shareholders will vote on the compensation plans at Goldman's annual general meeting, scheduled on April 28.

The bank declined to comment on a request from Reuters.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Proxy adviser Glass Lewis has recommended that Goldman Sachs Group Inc's investors vote against special bonuses awarded to its top two executives at the bank's shareholder meeting, the Financial Times reported on Friday.
goldman sachs shareholders, ceo and president bonuses, glass lewis
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2022-40-08
Friday, 08 April 2022 12:40 PM
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