Large Minority of Goldman Shareholders Urge CEO, Chairman Split – TheStreet

Institutional investors will likely be back next year with a new effort to exert more influence on Goldman Sachs (GS) board after a large minority of shareholders voted Friday to separate the role of chairman and CEO at the bank.Roughly 30% of voting shares at the mega-bank voted against CEO Lloyd Blankfein retaining both positions — not enough to convince Goldman to split the role but a substantial enough number to raise serious questions about shareholder relations at the bank in the coming months. In addition, 33% of voting shares opposed the company’s executive compensation plans, including that of Blankfein, also putting a negative spotlight on the company’s executive pay practices.

Source: Large Minority of Goldman Shareholders Urge CEO, Chairman Split – TheStreet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s