The California Public Employees Retirement System, the largest U.S. public pension fund, voted to split the roles of chairman and chief executive officer currently held by Lloyd Blankfein at Goldman Sachs Group Inc.
Calpers voted for a shareholder proposal that would require the company to separate the positions the next
time it names a new CEO, the fund announced today on its website. Goldman Sachs’s board unanimously opposed dividing the roles, arguing that the current structure provides clarity and efficiency. Capers said it voted 1.81 million Goldman shares.
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