BlackRock shareholders on 15 May voted to approve compensation packages for a group of top executives including Larry Fink, the asset manager’s chief executive and co-founder.

The advisory vote passed with 58% of shareholder support, according to figures from the company, a low level that follows major proxy advisors recommending that stockholders vote against it. BlackRock’s executive pay proposal in 2023 passed with 92% of votes cast in support.