Tuesday, May 14, 2013

Proxy Firm to Goldman Shareholders: Vote Against Compensation

From CNBC: Goldman Sachs Group shareholders should vote against the company's executive compensation proposal because the bank has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday.

Shareholders should also vote against director James Johnson, Glass Lewis said, because of his performance as chair of the compensation committee and prior service at public companies that suffered financial issues and scandals….

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