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BOSTON - 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...
Fink is sincere, but structurally they have a hard time following through.
As an index fund owner, you have to own some really crummy companies
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.