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Goldman shareholders OK $160M pay packages for David Solomon, John Waldron despite opposition
New York Post· 2025-04-23 16:07
Goldman Sachs shareholders voted to approve pay packages, including hefty retention bonuses, for top executives CEO David Solomon and president John Waldron.They also voted in favor of other management proposals including the election of the firm’s board of directors, according to a preliminary voting count announced during a virtual shareholder meeting in Dallas.Proxy adviser Glass Lewis had earlier recommended investors cast vote against the compensation plans, citing the bank’s “continued inability to al ...
Salesforce cuts diversity hiring goals, joining Meta and Google in scaling back DEI initiatives
Business Insider· 2025-03-06 12:48
Core Viewpoint - Salesforce has abandoned explicit diversity hiring targets and removed references to diversity and inclusion as core company values in its recent financial disclosures, aligning with a broader trend among major companies to scale back DEI initiatives in response to changing political and legal landscapes [1][2][6]. Group 1: Company Actions - Salesforce has eliminated language tying executive compensation to employee diversity measures in its annual financial disclosures [1]. - The company emphasized its commitment to equality, stating it is "firmly rooted in compliance with federal law and other applicable laws and regulations" [3]. - Salesforce's recent filings indicate a focus on equality rather than specific representation goals, with a spokesperson affirming the company's commitment to equality [2][3]. Group 2: Industry Trends - Salesforce joins other major companies like Amazon, Google, Meta, and Walmart in rolling back diversity, equity, and inclusion (DEI) programs [1][6]. - Amazon has stated it is "winding down outdated programs and materials" related to diversity and inclusion, while Google and Meta have also removed explicit diversity hiring goals and DEI teams [4]. - Reports indicate that since mid-2024, over 20 major companies in the U.S. have rolled back DEI initiatives [5].