Three out of four times, mutual funds go along with management recommendations when it comes to executive compensation, according to a study by The American Federation of State, County and Municipal Employees, the AFL-CIO and The Corporate Library. The study of the proxy voting habits of 18 of the 25 largest mutual fund firms found they favored management ‘s compensation recommendations 73.9% of the time, while voted for shareholder-sponsored proposals 27.6% of the time. When it came to shareholder proposals linking performance to executive stock-option grants, funds were slightly more supporting, voting in favor 37.6% of the time. The study found that when it came to golden parachutes, Dreyfus Corp. and TIAA-CREF voted against them every single time, while The Vanguard Group, Alliance Bernstein, Janus Capital Group, T. Rowe Price Group and Federated Investors did so 9 out of 10 times. Other large fund managers, such as Fidelity Investments, OppenheimerFunds, Morgan Stanley, Merrill Lynch, AIM Management and Putnam Investments, voted in favor of golden parachutes 80% of the time.