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Goldman's David Solomon defeats vote on CEO-chair split even as support for it increases
David Solomon defeated a proposal seeking to separate his roles as CEO and chairman of Goldman Sachs, but the measure received double the support it did in 2023.
Yahoo Finance
Wall Street bosses tested by calls to strip them of power
Some of Wall Street’s most powerful bosses are facing new shareholder proposals this spring that would strip them of power by separating CEO and chairman seats.
Reuters
UPDATE 2-Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
G oldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA CEO Brian Moynihan of their chairman roles.