Proxy adviser ISS urges vote against retention bonuses for Goldman CEO, COO
The combined $160 million stock awards to CEO David Solomon and Chief Operating Officer John Waldron, who is widely considered Solomon's potential successor, were unveiled in January to retain them and ensure stability in the top ranks. Glass Lewis, another major proxy adviser, has also recommended that investors vote against the pay of top Goldman executives. Goldman on Tuesday directed Reuters to its previous statement in response to the Glass Lewis opposition, in which it had said that the awards were meant to "retain our current leadership team ... and maintain a strong succession plan" amid intense competition for talent.