The investor supports paying salaries in Goldman to the lowest level in 9 years

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Goldman Sachs has obtained the lowest level of shareholders ’support for the salaries of executives for nearly a decade, after criticism about the rewards of CEO David Solomon and President John and Aldroun at $ 80 million each.

In the so -called vote at the annual meeting of Coldman on Wednesday, 66 percent of the votes supported the investment bank salaries, the lowest level of support since 2016.

The vote also represents the slightest support for the US Grand Bank’s salaries suggestions since 2022, when JPMorgan Chase has rebelled at the reward package Jimmy Damon.

That year, only a third of JPMorgan shareholders supported the salaries of DIMON, which included a special prize of about $ 50 million at that time. Jpmorgan said later on it Its prizes will not give the Special CEO in the future.

while Goldman Voting is not binding, and the level of silent support reflects the investor’s uncomfortable with the bank’s plans to pay the best rewards for keeping more executives similar to the private capital group.

Proxy Glass Lewis and institutional shareholders’ services recommended that shareholders vote against wage plans.

Goldman, whose shareholders are the largest Vangard, Black Rock and State Street Street, gave five -year bonuses to Solomon and Deron in January.

Prizes for Solomon and Deron, which came to their annual salary of $ 39 million and $ 38 million, respectively, added to speculation that the Daron is is Suleiman is more likely to succeed As an executive president.

Glass Lewis criticized the bank for not linking prizes to performance standards. Goldman had defended the awards, saying that it is necessary to maintain its higher talents and that paying them by 100 percent of the shares means that they are compatible with the interests of the shareholders.

The sovereign wealth fund in Norway, the largest contributor to Goldman, the largest contributor to Goldman, said he voted against wage packages.

“The (company) council must provide transparency on total rewards to avoid unacceptable results,” said Norges Bank Investment Management. “The Board of Directors must ensure that all benefits have clear commercial justifications.”

Calstrs, a large pension box in California, said it voted against Goldman’s salaries.