📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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Bloomberg: Serious Issues with Pay Transparency for BlackRock Executives
According to Techub News and Bloomberg, BlackRock Inc.'s annual proxy statement spans over 50 pages detailing executive compensation. However, the contents listed therein do not adequately explain why CEO Larry Fink received a compensation of $37 million in 2024.
Previously, BlackRock's shareholders cast a rare large number of votes against its compensation framework at last year's annual shareholder meeting. The reason was the lack of transparency in compensation decisions and the issuance of one-time bonuses without any actual conditions. Subsequently, BlackRock claimed that half of the executive bonuses depend on financial performance. The other half is divided among vague targets such as "business strength" and "organizational strength."
However, the two top proxy advisory firms serving BlackRock, Institutional Shareholder Services (ISS) and Glass Lewis & Co., still believe that there are issues with the compensation process.