Goldman Sachs Pay Plan Draws Record Shareholder Opposition

Goldman Sachs Group Inc.’s compensation plan, including a provision making Lloyd Blankfein the highest-paid chief executive officer of a Wall Street bank for his work last year, drew the most opposition since shareholders began voting on the matter in 2009. Thirty-three percent of the votes cast, or about 107 million of the 323 million total, went against the proposal, up from roughly 2 percent a year ago, according to final figures provided by Goldman Sachs Friday after its annual meeting in Jersey City, New Jersey.