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“Fighting back against the thuggish ‘ESG’ woke agenda” There’s no such thing as blue money or red money. Only the green stuff will pay bills. On Friday, North Carolina Treasurer Dale Folwell became the latest of officials from nearly half the states across the country — including Florida, Texas, Kentucky, Missouri, Arizona and West Virginia…
“BlackRock CEO Larry Fink pushed to exit over ESG ‘hypocrisy’” A small activist fund fired a slingshot at goliath investment firm BlackRock, calling for the ouster of CEO Larry Fink for his “hypocrisy” in pushing a “woke” political agenda. Bluebell Capital — a London-based firm with just $250 million in assets under management, compared to…
“Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering’” Florida said Thursday it has begun to divest $2 billion in funds overseen by BlackRock — a sharp rebuke of the giant asset manager’s investing policies under CEO Larry Fink that right-leaning critics have blasted as “woke capitalism.” The divestment under Gov. Ron DeSantis – the largest…
“BlackRock letting more clients vote in dramatic move” BlackRock, the world’s biggest asset manager, said Thursday it would expand the number of clients eligible to choose how to vote at company annual meetings on everything from executive pay to climate strategy. The “Voting Choice” program announced last year by the $8 trillion asset manager could…
“BlackRock’s Larry Fink vows ‘harder line’ in bringing workers back to office” BlackRock CEO Larry Fink said his $10 trillion investment management company would be “taking a harder line as to how we bring our employees back” into the office and that having workers in their cubicles is key to bringing down record levels of…
“Biden’s inflator in chief Brian Deese is an awful pick” There might be worse choices to lead President Joe Biden’s fight against inflation — Vice President Kamala Harris immediately comes to mind. But the role of Brian Deese in Biden’s new and belated “laser focus” on inflation is more proof that Sleepy Joe either doesn’t…
“#Goldman Sachs CEO David Solomon playing it ‘cool’ with mergers” Goldman Sachs has been looking to do a big deal, or what investment bankers call “transformative,” for years now. So what are they waiting for? People there keep telling me they need asset prices of merger partners to “normalize,” aka fall enough so Goldman remains…
“#Larry Fink says stakeholder capitalism isn’t ‘woke,’ just good business” BlackRock CEO Larry Fink pushed back against criticism of the asset management firm’s embrace of stakeholder capitalism, arguing the practice is not “woke” but a necessity for long-term success. Fink defended his stance in his widely-read annual letter to CEOs. BlackRock has faced backlash from…
“#Striking Alabama mine workers arrested in NYC outside BlackRock HQ” A group of mine workers from Alabama who have been on strike for some seven months were arrested Thursday outside the New York City headquarters of BlackRock, the largest investment management company in the world. Six members of the United Mine Workers of America were…
“#Larry Fink shakes big bucks from lefty Joe Biden’s ESG” The revolving door between Washington and Wall Street always stirs passionate objections from progressive good-governance groups — except, it appears, when it involves corporate wokeism. For proof, all you need to do is unpack the Biden administration’s so-called Environmental Social Governance agenda and its ties…