Goldman Sachs faced significant shareholder dissent at its annual meeting, with only 66% supporting the executives’ pay packages, the lowest since 2016. The investment bank’s decision to grant $80 million retention bonuses to CEO David Solomon and President John Waldron drew criticism from proxy advisers and major shareholders, including Norway’s sovereign wealth fund, for lacking performance ties. This vote reflects growing investor unease over executive compensation practices, paralleling previous discontent seen with JPMorgan Chase’s CEO pay in 2022.
