Chalk another one up for activist investors, the NY Post
reports. Goldman Sachs yesterday lost
its bid to keep a shareholder proposal to split the chairman and CEO roles off
its proxy statement. Yesterday, the
Securities and Exchange Commission informed the bank that it couldn’t block the
proposal from being included among a list of proposals at its next annual
shareholder meeting.
The proposal was sent by CtW Investment Group, which owns
just 25 Goldman shares, for inclusion on the proxy. Goldman argued that the proposal was vague
and didn’t merit a vote. The SEC said it’s “unable to concur” with that view….
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