Fink and BlackRock continue to cater to the CEO class along with Vanguard, Fidelity and the other large asset houses. They continue to embrace stock option compensation and increasing CEO pay that is wildly out of wack from the average worker. I spend considerable time each proxy season going over the statements of the modest holdings in…
Fink and BlackRock continue to cater to the CEO class along with Vanguard, Fidelity and the other large asset houses. They continue to embrace stock option compensation and increasing CEO pay that is wildly out of wack from the average worker. I spend considerable time each proxy season going over the statements of the modest holdings in my portfolio. Most of the time I vote no on the advisory compensation question. ESG is tarred because of the Environmental and Social part of the triad when it is Governance that is the most important (at least to me).
Alan, you are spot on. Incentives drive behaviors. And as long as the ONLY incentive for a CEO is short term maximizing of share holder value then ESG will be no different than the Saudi's Sportswashing their wicked profits.
Fink and BlackRock continue to cater to the CEO class along with Vanguard, Fidelity and the other large asset houses. They continue to embrace stock option compensation and increasing CEO pay that is wildly out of wack from the average worker. I spend considerable time each proxy season going over the statements of the modest holdings in my portfolio. Most of the time I vote no on the advisory compensation question. ESG is tarred because of the Environmental and Social part of the triad when it is Governance that is the most important (at least to me).
Alan, you are spot on. Incentives drive behaviors. And as long as the ONLY incentive for a CEO is short term maximizing of share holder value then ESG will be no different than the Saudi's Sportswashing their wicked profits.