Do fund firms enable excessive CEO pay?
A new report raps asset managers for doing little to halt the runaway growth of executive compensation. "Enablers of Excess: Mutual Funds & the Overpaid American CEO" was produced by the American Federation of State, County and Municipal Employees and the Corporate Library. The report analyzed voting records of 18 mutual fund families on executive compensation proposals. The worst offender was Morgan Stanley Funds. AIM Investments, Dreyfus, AllianceBernstein and OppenheimerFunds round out the top five.
> Here's a MarketWatch article.
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