BlackRock’s Lack of Transparency Sparks Investor Fury

BlackRock, the world’s largest asset manager, has faced heavy criticism for its lack of transparency in executive compensation. A 50-page proxy statement failed to address shareholder concerns regarding CEO Larry Fink’s $37 million pay package from 2024. This sparked investor backlash after last year’s aggressive protest against the company’s say-on-pay motion, where most investors voted against the plan.