After Years of Weaponizing Shareholder Voting, Will the Big Three Escape Accountability?
The article discusses concerns regarding the voting practices of major asset managers, particularly the Big Three: BlackRock, State Street, and Vanguard. It argues that investors in passive index funds may be misled about how their shares are voted, potentially violating consumer protection laws. The piece highlights the need for greater transparency and accountability in proxy voting practices.
- ▪The Big Three asset managers control shares in 88% of S&P 500 companies.
- ▪Investors in passive funds may not be aware of the active voting practices of their shares.
- ▪Proposals for improvement include mirror voting and pass-through voting to enhance transparency.
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Home – Economic Policy News – After Years of Weaponizing Shareholder Voting, Will the Big Three Escape Accountability? opinion After Years of Weaponizing Shareholder Voting, Will the Big Three Escape Accountability? Stefan Padfield • May 23, 2026 Print Larry Fink, co-founder, chairman, and CEO of BlackRock, in Beverly Hills, California, on May 5, 2026. (Patrick T. Fallon / AFP via Getty Images) (function(){var t=document.querySelector(".wp-block-kadence-dynamichtml"),s=document.currentScript.previousElementSibling;if(t&&s){if("prepend"==="before_element")t.parentNode.insertBefore(s,t);else if("prepend"==="after_element")t.parentNode.insertBefore(s,t.nextSibling);else if("prepend"==="prepend"||"prepend"==="inside_first_child")t.insertBefore(s,t.firstChild);else t.appendChild(s);}})(); Are…
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