goldman 01Goldman Sachs and Deutsche Bank shareholders revolt against pay deals


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Goldman Sachs has suffered a stinging rebuke over pay from its investors just hours after shareholders in rival Deutsche Bank rejected its remuneration plans outright.

A third of investors who voted on Goldman’s pay plans opposed them, despite chief executive Lloyd Blankfein accepting his first pay cut in four years, from $24m (£16.5m) to $22.6m.

A sizeable group of shareholders expressed their displeasure with Blankfein serving as both chief executive and chairman, a dual role that is seen as taboo in the City of London but is still practised on Wall Street.

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