New York: Goldman Sachs Group Inc’s US$80mil retention bonuses for the firm’s top two leaders have drawn another prominent critic, with Institutional Shareholder Services (ISS) urging investors to reject the rewards at an annual meeting.
The incentives for chief executive officer David Solomon and president John Waldron “lack rigorous, pre-set performance criteria, which is particularly concerning for off-cycle awards with such large values”, the proxy adviser wrote in note to clients Monday.
