Goldman Sachs shareholders voted on Friday to approve management's executive compensation program, and also turned down a proposal that would have permitted holders to nominate directors to the Wall Road bank's board. More than 83 % of Goldman shares were voted in favor of a non-binding movement supporting the company's executive pay program, even although a main proxy advisory organization had advisable voting in opposition to the plan, stating Goldman Sachs pays its personnel too considerably. Only three percent of shareholders voted in support of proposal that would have authorized shareholders to nominate directors to the board. Shareholders also handily elected 13 administrators to the Goldman board. The New York-dependent financial institution held its once-a-year shareholder conference in the Dallas suburb of Irving, Texas, where Goldman has its 3rd-largest U.S. company presence with operations from 11 divisions, which includes industrial real estate, firm officials said. Texas Gov. Rick Perry, who has traveled to New York and other states encouraging firms to move work to Texas, opened the meeting with responses on the nation's organization weather. In 2013, Goldman's compensation package for Chairman and Main Executive Lloyd Blankfein was $23 million.
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