Vanguard Group and BlackRock Inc. voted with directors on executive pay plans 97% of the time last year, according to a report by shareholder advocacy group As You Sow. “The votes mutual funds cast are the public signal of their position on CEO pay," said report author Rosanna Landis Weaver. “I do not believe—particularly given the current discourse on income inequality—that it truly represents the beliefs or interests of individuals’ whose 401(k) assets are being voted." Read the original story from Bloomberg.
