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Stock impact report

RPT-UPDATE 2-Goldman CEO Solomon faces pay scrub after ISS urges vote 'against' [Reuters]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Reuters
RPT-UPDATE 2-Goldman CEO Solomon faces pay scrub after ISS urges vote 'against' (Repeats Thursday story with no changes to text) By Ross Kerber and Elizabeth Dilts Marshall BOSTON/NEW YORK, April 23 (Reuters) - Influential proxy adviser Institutional Shareholder Services has recommended investors cast advisory votes against the pay of top Goldman Sachs Group Inc leaders, putting millions of dollars of compensation under scrutiny at a time when the COVID-19 pandemic has led to soaring unemployment. In a report dated April 9 and provided on Thursday in response to a request from Reuters, ISS wrote it had “pay-for-performance misalignment concerns” regarding Goldman leaders including David Solomon, chief executive of the Wall Street bank, which has an annual meeting set for April 30. Technically the pay was awarded for Goldman’s performance in 2019, a period for which Solomon’s total compensation rose 19% to $24.7 million, including a $7.65 million bonus. But in practice many investors w Show less Read more
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