In the Margins

Vanguard, BlackRock rarely challenge CEO pay

February 19, 2016

By Bloomberg

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.

 

 

Most Read

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...