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Blackrock have a history of rubber-stamping executive pay packages. In the past, they've voted in favour of proposed CEO pay packages in something like 99% of c
by soVeryTired 8y ago
Blackrock have a history of rubber-stamping executive pay packages. In the past, they've voted in favour of proposed CEO pay packages in something like 99% of cases. Some people have argued that doing so benefits Blackrock execs themselves because high pay then becomes the norm.
https://www.pionline.com/article/20170418/ONLINE/170419868/blackrock-opposes-shareholder-proposal-critical-of-firms-proxy-voting-on-executive-compensation https://www.pionline.com/article/20170418/ONLINE/170419868/b...
- walshemj 8y agoWhich is why I preferer UK Investment Trusts I can vote on the board and their remuneration.