BlackRock's Voting Record Clashes with CEO's Tough Talk on Buybacks - reuters.com -BoardProspects

BlackRock's Voting Record Clashes with CEO's Tough Talk on Buybacks

reuters.com Aug 4 2016 BoardNews

When Adam Kanzer wanted to stop the board of 3M Co from including the lucrative impact of share buybacks in their chief executive's pay, he quoted Laurence Fink. Sitting atop the world's largest investment fund manager, BlackRock Inc, Fink is a vocal critic of companies' excessive use of share buybacks...
Read Full Article

Bookmark or Share this article

Login to comment.
Related Articles
- Why Should We Care About Corporate Interlocks? also categorized in BoardNews
- Have the Swiss Gone Cuckoo? also categorized in BoardNews
- Getting Gen-Y on Boards (of Directors) also categorized in BoardNews
- The Other Duty of Corporate Governance also categorized in BoardNews
- Panel clears audit firms of Olympus scandal blame also published in reuters.com
- Corporate undead, vote losers stay in US boardrooms also published in reuters.com
- These Are The People Who Will Be Soaked In Cash After Twitter's IPO also written by Reuters
- AIG Chairman Steve Miller to Step Down in July also written by Reuters
- Two Shareholders Sue American Apparel Over CEO's Ouster also written by Reuters
- Analysis: Swift takeover for Olympus unlikely also published in reuters.com

Search:
Categories
1. BoardProspects Features:
  BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
Quotes
1. Fink is sincere, but structurally they have a hard time following through.
2. As an index fund owner, you have to own some really crummy companies
3. Considering the helpful things Larry Fink has been saying about excessive share buybacks, we had hoped to see BlackRock underscore that message through its proxy voting.
Topics Mentioned
Authors
- Reuters