Don’t allow huge bonus for Goldman Sachs top brass, investment adviser urges

A prominent adviser to shareholders is taking umbrage at the special bonus grants to Goldman Sachs’s CEO and a top deputy — a rebuke that comes at an awkward time for the bank as its stock turns in the worst showing among peers in 2022.

Across Wall Street, where surging business during the pandemic generated huge windfalls, banks like JPMorgan Chase and Bank of America have vowed to pay competitively for top talent, with none more willing than Goldman to splash cash on retention. But the rising compensation costs have met little enthusiasm from shareholders, with Goldman the worst performing among the biggest US bank stocks after erasing 18% in value in 2022.

Still, the investment adviser broadly gave Goldman’s executive compensation practices in 2021 a “C” grade, an improvement on the “F” it assigned for 2019 when it cited a “significant disconnect” between the bank’s pay and performance. At that time, it recommended shareholders sign off.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: Goldman Sees U.S. Inflation Peaking Now and Recession Risk RisingGoldman Sachs Group Inc. expects U.S. inflation to come in below 4% this year, while growth in equities will be relatively flat, according to Meena Lakdawala-Flynn.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Elon Musk made extra $156 million from his Twitter investment by failing to disclose his stake earlier | BusinessinsiderSince Musk potentially failed to meet SEC requirements for disclosing an investment above 5%, he's earned over $150 million on his Twitter investment.
출처: BISouthAfrica - 🏆 34. / 51 더 많은 것을 읽으십시오 »