Huffpost Business

Goldman Sachs Shareholders Approve Executive Pay Plans

Posted: Updated:
GOLDMAN SACHS SEX
AFP/Getty Images


JERSEY CITY, N.J., May 24 (Reuters) - Goldman Sachs Group Inc stockholders on Thursday approved the firm's compensation plan for top executives and backed all 10 directors up for election, general counsel Greg Palm announced at the firm's annual shareholder meeting.

Shareholders rejected three stockholder proposals, including a resolution urging the board to require top executives to keep 75 percent of the stock they receive from the firm for three years after the end of their employment. The annual meeting was held in Jersey City, N.J.

Around the Web

Goldman Sachs's Trott Tells Jury Buffett Deal Was Kept Secret

Following Goldman Sachs on Twitter

Goldman Sachs Shareholders Vote to Approve Executive Pay

Goldman Sachs Sees Europe as Biggest Opportunity

Facebook stock sale leads to lawsuits for Morgan Stanley, Goldman Sachs

Goldman Sachs Sees 3% China Copper Consumption Growth In 2012

Critical Alerts For Goldman Sachs, Arch Coal, Coinstar, TakeTwo Interactive ...