Goldman Sachs & Deutsche Bank Shareholders Object to Pay Deals
A third of investors who voted on Goldman’s pay plans opposed them even though its Chief Executive Lloyd Blankfein had his first pay cut in four years from US$24 million to US$22.6 million. At the annual meeting of Germany’s largest lender in Frankfurt on Thursday, more than half of shareholders (51.9%) voted against a new pay scheme for its top managers. The vote was non-binding, however.
“Shareholders in Goldman Sachs aired their grievances with revenues in the first quarter down 40% while Deutsche bank slumped to a record EUR6.8 billion loss in 2015 and its share price has halved over the past year.”
~ The Guardian
Shareholders in Goldman Sachs aired their grievances with revenues in the first quarter down 40% while Deutsche bank slumped to a record EUR6.8 billion loss in 2015 and its share price has halved over the past year.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the Bank is continuously growing in North America, Asia and key emerging markets. With more than 78,000 employees in over 70 countries worldwide, Deutsche Bank offers unparalleled financial services throughout the world. The Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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