For the second year in a row, Goldman Sachs Group Inc fended
off a shareholder proposal that could have led to a messy public vote to strip
CEO Lloyd Blankfein of his chairman's title.
By striking a deal for modest changes to the company's
governance policies, Blankfein again potentially avoided the kind of
embarrassment suffered by Jamie Dimon, CEO and chairman of JPMorgan Chase &
Co, who faced substantial opposition on a similar vote last year, or Citi’s
then-CEO Vikram Pandit, whose executive pay plan was rejected by shareholders
last year….
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