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

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

    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...

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  2. 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.
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