BOSTON (Reuters) -Top asset manager BlackRock said on Thursday that 67% of votes cast at its annual meeting were in support of its executive pay, a relatively low level.
Proxy adviser Institutional Shareholder Services had recommended investors vote against the pay of top executives including CEO Larry Fink, who was paid $30.8 million in 2024.
ISS said BlackRock did not sufficiently address investors’ compensation concerns in 2023, when only 59% of votes cast supported the pay of top executives.
(Reporting by Ross Kerber; Editing by Jan Harvey)
