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Investors want mutual funds to toughen up on CEO pay

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Top money managers such as BlackRock Inc and Vanguard Group oversee trillions of dollars for individuals, but the firms rarely challenge CEO pay in their proxy votes on behalf of investors.

Boston

INDIVIDUAL investors are angry about CEO pay, and they want their mutual fund firms to do something about it.

Top money managers such as BlackRock Inc and Vanguard Group oversee trillions of dollars for individuals, but the firms rarely challenge CEO pay in their proxy votes