Actions don't match the words

Laurence D. Fink, chairman and chief executive of BlackRock, the money management giant, has been preaching that companies should focus on the long term. A major reason why they don't is their compensation structure, which rewards short-term actions. Since BlackRock is the world’s largest investment manager, it likely would be listened to. Yet, BlackRock voted to support pay practices at companies 96.2 percent of the time.