BlackRock Wields Its Big Stick Like a Wet Noodle on C.E.O. Pay – The New York Times

But if Mr. Fink really wants to get the attention of company executives on stock buybacks and other corporate governance issues, why doesn’t BlackRock vote more often against C.E.O. pay packages of companies that play the short-term game?Executive compensation is inextricably linked to the shareholder-unfriendly actions Mr. Fink has identified; voting against pay packages infected by short-termism would help curb the problem.But BlackRock rarely takes such a stance. From July 1, 2014, to last June 30, according to Proxy Insight, a data analysis firm, BlackRock voted to support pay practices at companies 96.2 percent of the time.

Source: BlackRock Wields Its Big Stick Like a Wet Noodle on C.E.O. Pay – The New York Times

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