Research: Index Funds Are Fueling Out-of-Whack CEO Pay Packages
Harvard Business
OCTOBER 18, 2016
On average, common ownership concentration has almost doubled in the last 20 years in the construction, manufacturing, finance, and services sectors. It has resulted in higher prices in the airline and banking industries. Twenty years ago, BlackRock and Vanguard were only very rarely among the top ten shareholders of any firm.
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