Overview

• Goldman Sachs shareholders approved $80 million retention bonuses each for CEO David Solomon and President John Waldron, contingent on service through 2030.
• The compensation plan received 66% support in a non-binding shareholder vote during the annual meeting in Dallas on April 23, 2025.
• Proxy advisers ISS and Glass Lewis had earlier recommended voting against the bonuses, citing concerns over pay-for-performance alignment and governance issues.
• Goldman Sachs defended the awards as necessary to retain top talent in a competitive environment with buyout firms.
• In addition to compensation approval, shareholders re-elected the board of directors and supported other management proposals.