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Goldman Sachs wins shareholder vote over $80m executive bonuses

City Correspondent

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Goldman Sachs has won shareholder backing for a total of $160m in special bonuses for its chief executive and president despite criticism from proxy advisers.

The Wall Street bank said 66% of voting shareholders supported its executive pay proposal in a non-binding ballot at its annual general meeting on 23 April.

CEO David Solomon and president John Waldron set for bumper retention deals

Lars Mucklejohn

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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