Someone wrote a fake letter pretending to be BlackRock CEO Larry Fink and some reporters got duped

Friday, January 18, 2019

By Meghan Morris

Larry Fink’s annual letter to chief executive officers is widely read on Wall Street and beyond, signaling priorities for the world’s largest asset manager and how its smaller peers may follow.

On Wednesday, Fink seemed to take a stronger stance on climate change than ever before, calling for direct action from BlackRock and the companies in which it invests. BlackRock would divest from coal companies in its actively-managed funds and change its voting patterns, among other shifts. The letter sits on what looks like a copy of BlackRock’s website, complete with an announcement about Wednesday’s earnings.

Photo courtesy of World Trade Organization.

Source: Business Insider (link opens in a new window)

climate change, impact investing