Mutual fund investors often represent significant shareholder blocks in big Wall Street firms, but they take little interest in elections of board directors or other proxy matters.

Critics say this built-in apathy toward corporate decisions, combined with new proxy voting rules, has made it easy for big firms such as Goldman Sachs and Morgan Stanley to award executives and traders with huge bonuses.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access