-- Goldman Sachs Group Inc. unveiled compensation changes Thursday in the wake of pressure from some shareholders of the investment bank.
Goldman /quotes/comstock/13*!gs/quotes/nls/gs (GS 166.68, +0.24, +0.14%) said its management committee will be receiving bonuses in the form of "shares at risk" in 2009 instead of cash. The shares cannot be sold for five years.
"Discretionary compensation represents the vast majority of senior management's compensation and is directly tied to the firm's overall performance," Goldman said in a statement.
Shareholders will also have an advisory vote on the compensation package at the firm's annual meeting in 2010.
The announcements come after the board approved changes to the firm's 2009 compensation plan.
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