(Reuters) – Proxy adviser Glass Lewis advisable traders forged advisory votes “in opposition to” the pay of prime Goldman Sachs executives, citing the Wall Road financial institution’s “continued lack of ability to align pay with efficiency” and retention grants that Glass Lewis known as extreme.
In a report despatched late on Friday Glass Lewis famous the mixed $160 million in retention awards the Wall Road financial institution gave to CEO David Solomon and to President John Waldron in January.
“Whereas we’ll evaluate the impression of the extra $160 million on the Firm’s pay and efficiency alignment inside the full scope of 2025, so far, the offered dialogue concerning the rationale within the proxy assertion is much from strong,” Glass Lewis wrote within the report.
Goldman Sachs representatives didn’t instantly reply to a request for touch upon Saturday.
(Reporting by Ross Kerber; modifying by Diane Craft)
