Larry Fink Is Wrong About the Impact of the Russian Invasion on Globalization

In his annual letter to shareholders, Blackrock’s Larry Fink says that the response of the business community to Russia’s invasion of Ukraine signals “an end to globalization.” He’s wrong. It’s just the opposite. He writes: The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades….

Response to Larry Fink on Blackrock’s Stakeholder Rhetoric

On Project Syndicate, Mariana Mazzucato responds to Larry Fink’s annual letter, calling for a more rigorous and comprehensive understanding of stakeholders, including the government and employees. Why do drug prices not reflect the original public contribution (even when the government reserves “march-in” rights that require pharmaceutical companies to license their products)? Why are intellectual-property rights…

Larry Fink’s Annual 2022 Letter to CEOs | BlackRock

Blackrock CEO Larry Fink continues to call on the CEOs of its portfolio companies to engage and inspire stakeholders to create sustainable returns. That includes recognizing the profound and lasting changes in the world of work and what employees need to be productive and loyal. He expects them “to play a role in decarbonizing the…

Larry Fink: Moving from Ambition to Action on Climate Change

Blackrock CEO Larry Fink calls on shareholders to make sure their portfolio companies take action on climate change in a speech after the G20 at the International Conference on Climate, hosted by the Italian Ministry of Economy and Finance and the Bank of Italy in Venice on Sunday, July 11. He emphasized the need to…

Agenda – BlackRock Whacks Boards on Compensation Changes

BlackRock, the world’s largest asset manager and one of many companies’ largest investors, has voted against compensation plans at several large companies this proxy season, including General Electric last week. The asset manager voted against 15% of compensation-related resolutions at its Americas-based portfolio companies that held annual meetings in the first quarter of this year….

BlackRock’s Governance Mess – Public Accountability Initiative

Murry Gerber has served on BlackRock’s board of directors since 2000 – over two decades – and as its Lead Independent Director since 2017. Gerber has extensive ties to the fossil fuel industry. From 1998 to 2011, he helped oversee the Appalachian fracking boom through multiple executive positions with EQT Corporation, earning tens of millions…

Agenda – BlackRock Whacks Boards on Compensation Changes

lackRock, the world’s largest asset manager and one of many companies’ largest investors, has voted against compensation plans at several large companies this proxy season, including General Electric last week. The asset manager voted against 15% of compensation-related resolutions at its Americas-based portfolio companies that held annual meetings in the first quarter of this year….

Agenda – BlackRock Backs Climate Resolutions While Critics Question Impact

“Supporting shareholder proposals now plays an increasingly important role in our stewardship efforts, particularly around sustainability. We will support a shareholder proposal when we agree with its intent to address a material business risk and believe that management can do better in managing and disclosing that risk. We may also support a proposal if management…