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Investors back Goldman pay
Goldman Sachs shareholders yesterday approved the firm’s compensation plan for top executives and backed all 10 directors up for election at its annual meeting. Investors rejected three stockholder proposals, including a resolution urging the board to require top executives to keep 75 per cent of the stock they receive from Goldman for three years after they leave the firm. The bank, which recently embarked on a campaign to restore its public image, used Twitter to publicly announce the results of its shareholder votes.