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Proxy advisors have questioned BlackRock's CEO Larry Fink's high pay, with Glass Lewis highlighting a pay-performance gap. Fink's 2023 compensation totals $27 million. Shareholders voted down executives' pay packages at 3M's annual meeting. BlackRock's executive pay received narrow support from shareholders, with financial advisers recommending blocking CEO Fink's compensation due to ESG policies.
There’s trouble brewing at BlackRock. Financial advisers for the world’s largest investment firm advised shareholders to BLOCK the compensation package for CEO Larry Fink over ESG policies. 42% of shareholders have agreed Fink should NOT be compensated https://t.co/lfarNYHjZ1
There’s trouble brewing at BlacksRock. Financial advisers for the world’s largest investment firm advised shareholders to BLOCK the compensation package for CEO Larry Fink over ESG policies. 42% of shareholders have agreed Fink should NOT be compensated https://t.co/lfarNYHjZ1 https://t.co/DZbX1CSvQm
Shareholders should have a say on pay and incentive compensation should be tied to long term performance. The response to speaking up about this was extremely disappointing. I've been a major shareholder of $joy.to for some time, but I'm now voting against the board. https://t.co/IEJVuFErPZ