Goldman Sachs shareholders approve pay plan for top executives

IRVING, Texas Fri May 16, 2014 11:17am EDT

IRVING, Texas May 16 (Reuters) - Goldman Sachs shareholders voted to approve management's executive compensation plan.

A major proxy advisory firm recommended shareholders vote against the Goldman Sachs' non-binding motion on executive compensation plan, saying it pays its top staff too much.

Shareholders rejected a proposal that would have allowed stockholders to nominate directors to the board of the banking giant. (Reporting by Eileen O'Grady; Editing by Chizu Nomiyama)

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