Did BlackRock’s Larry Fink Go Too Far?
The tremor Wall Street felt last Tuesday was caused by a letter—the annual epistle from BlackRock CEO Larry Fink to CEOs of companies in which the world’s biggest institutional investor owns shares.
To paraphrase an old EF Hutton TV ad, when BlackRock talks, people listen. Behind Fink is more than $6 trillion in global assets.
By Vito J. Racanelli