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Opinion: Larry Fink Talks the Talk But Neglects the Walk
It's not clear Fink has done much to back up that 2014 letter. The biggest buyer of its own stock is Apple Inc., which is on track to spend about $235 billion since 2012. The second-biggest investor in Apple, behind Vanguard, is BlackRock, which through its funds holds just more than 6 percent of the iPhone maker's stock. Fink seems to be in a good position, better than pretty much anyone else, to tell Apple to quit, or at least limit the buybacks. And yet there is no record he has. And Apple certainly hasn't curbed its stock buybacks.
- Categories
- Investing
- Region
- North America
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IFMR group looks to appoint investment banks for share sale
IFMR group, which provides financial services to lower income population and the companies serving this segment, plans to go public and is in talks to hire investment banks for the same, two people aware of the development said.
- Region
- South Asia
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Billionaire Sam Zell: BlackRock’s Larry Fink is ‘extraordinarily hypocritical’ to push social responsibility
BlackRock's Larry Fink and other CEOs are "extraordinarily hypocritical" to push companies for more social responsibility, billionaire investor Sam Zell told CNBC on Tuesday.
- Categories
- Investing
- Region
- North America
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BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington.
- Categories
- Investing
- Region
- North America
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Seeing Beyond Silos: A More Holistic Approach to Supporting Social Entrepreneurs
If it takes a village to raise a child, then it takes an entire ecosystem to shepherd a social enterprise from inception to scale. But that ecosystem too often is splintered with investors, accelerators and other advisors sorting themselves into silos. Alex Pan and Mark Correnti, with the Miller Center for Social Entrepreneurship, advocate for a "structured collaboration," with accelerators taking the lead as honest brokers.
- Categories
- Impact Assessment, Investing, Social Enterprise
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Husk Power Systems receives $20 million investment from Shell, Swedfund, ENGIE Rassembleurs d’Energies to scale renewable mini-grid business in Africa and Asia
Husk Power Systems a leading rural distributed utility company operating mini-grids in Asia and Africa, today announced a US $20 million equity investment* by Shell Technology Ventures LLC, Swedish development finance institution Swedfund International and ENGIE Rassembleurs d’Energies, ENGIE group’s impact investment fund.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Bono’s Fund Makes Its First Fintech Investment, Backing Acorns
Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action.
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Press release: New report provides insight into replicable practices for a critical phase of impact investments
“Impact investing has huge potential to generate positive long-term outcomes for society and the environment,” said GIIN Research Director Abhilash Mudaliar. “But investors need to have the confidence that they will be able to exit responsibly. There are many more exit approaches to meet financial objectives and ensure sustained impact post-exit than investors may be aware of. This report should provide impact investors with proven strategies that they can use to exit their investments in ways that won’t jeopardize the impact they seek to create.”
- Categories
- Investing
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