David Solomon's private plane use gets flagged at Goldman Sachs' annual shareholder meeting
The shareholder, an advocacy group, was seeking support for a motion to split the roles of CEO and chairman at Goldman.A shareholder of Goldman Sachs cited Goldman CEO David Solomon's personal use of the corporate aircraft at the company's annual meeting Wednesday morning in Dallas., spoke in support of a shareholder proposal from his advocacy group asking investors to require Goldman Sachs to have an independent chairman of the board of directors.
"There have been numerous reports about the use of company jets for the Chairman/CEO's personal travel, some of which allegedly transported him to his side hustle gigs as a music DJ and as add-ons for business trips," Chesser said in prepared remarks."Now I know 'allegedly' and 'reportedly' don't necessarily make things true, but where there's smoke there's usually fire."going back to the beginning of 2022.
Goldman says in its proxy statement that the CEO reimburses the company for the personal use of the planes, but it hasn't disclosed the amount of those reimbursements or the costs to the company of Solomon's flights. , before deciding late last year to cancel the order. The company considered a state-of-the-art Gulfstream G700 version when it purchased its two other jets in 2019, but was told it wouldn't be ready in time for a 2020 delivery.
Founded in 1991, the NLPC says on its website that it"promotes ethics in public life through research, investigation, education, and legal action." The NLPC said that it was the beneficial owner of at least $2,000 worth of the company's shares.
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