{"id":24661,"date":"2023-04-26T17:41:15","date_gmt":"2023-04-26T17:41:15","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/goldman-shareholder-criticizes-ceo\/"},"modified":"2023-04-26T17:45:03","modified_gmt":"2023-04-26T17:45:03","slug":"goldman-shareholder-criticizes-ceo","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/goldman-shareholder-criticizes-ceo\/","title":{"rendered":"Goldman shareholder criticizes CEO Solomon&#8217;s leadership at annual meeting"},"content":{"rendered":"<p>By Tatiana Bautzer<\/p>\n<p>DALLAS (Reuters) -A Goldman Sachs Group Inc shareholder criticized its Chairman and CEO David Solomon on Wednesday at the bank&#8217;s annual meeting and proposed its board appoint an independent chairman.<\/p>\n<p>The proposal, along with eight others put forward by shareholders, failed after receiving the support of 16% of stock holders who voted.<\/p>\n<p>All of Goldman&#8217;s management proposals, including the appointment of its directors and executive compensation, were approved at its annual shareholder meeting, which was held in person in Dallas.<\/p>\n<p>&#8220;The Goldman Sachs processes look anything but robust &#8212; to many of us outside observers and shareholders, they look pretty weak,&#8221; Paul Chesser, a director at the National Legal and Policy Center, said at the bank&#8217;s annual meeting.\u00a0<\/p>\n<p>He cited gender lawsuits, junior banker burnout, and reports about Solomon&#8217;s use of the company&#8217;s private jets as reasons the Wall Street powerhouse should appoint an independent chair.\u00a0 <\/p>\n<p>Shareholder calls for reports on lobbying, climate transition and pay equity got the support of 30% or more voters, according to preliminary tallies.<\/p>\n<p>The bank had urged shareholders to reject investors&#8217; call for the appointment of an independent chairman, saying in its proxy that its directors &#8220;take very seriously&#8221; their obligations to act in the best interests of the firm and its shareholders.<\/p>\n<p> (Reporting by Tatiana Bautzer in Dallas, additional reporting by Saeed Azhar in New York; Editing by Lananh Nguyen and Nick Zieminski)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/goldman-shareholder-criticizes-ceo\/goldman-sachs-ceo-david-solomon-speaks-during-the-goldman-sachs\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3P0PB-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3P0PB-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tatiana Bautzer DALLAS (Reuters) -A Goldman Sachs Group Inc shareholder criticized its Chairman and CEO David Solomon on Wednesday at the bank&#8217;s annual meeting and proposed its board appoint an independent chairman. The proposal, along with eight others put forward by shareholders, failed after receiving the support of 16% of stock holders who voted. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":24662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-24661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3P0PB-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/24661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=24661"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/24661\/revisions"}],"predecessor-version":[{"id":24746,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/24661\/revisions\/24746"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/24662"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=24661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=24661"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=24661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}