America First Legal Foundation (AFL) filed a complaint with the U.S. Equal Employment Opportunity Commission (EEOC) to ask them to open an investigation into BlackRock for engaging in what they called “unlawful” and “racist” employment practices. Vice President and General Counsel at AFL Gene P. Hamilton sent a letter to the EEOC Director of New York…

Commentary As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim…

BlackRock CEO Larry Fink admitted in a 2023 annual letter to investors that oil and gas are “vital” to global energy demand—a shift from his earlier stance promoting a climate change agenda which focused on progressive values that denounce fossil-based fuels. “For years now, we have viewed climate risk as an investment risk. That’s still…

You might call it the “battle of BlackRock.” The conflict, which pits Republican officials in states across the country against the world’s largest asset manager, has only intensified in recent months. Just days ago, Florida became the latest state to pull money from BlackRock—in its case, $2 billion in state-controlled assets. The state’s chief financial…

News Analysis Only a few years after declaring that “climate risk is investment risk” and mandating corporations to meet certain environmental standards, Larry Fink, chairman and CEO of BlackRock, is facing a growing resistance. Even the most ardent champions of sustainable investing are experiencing a rude awakening. Fink, who leads the world’s largest asset management…

When the COVID-19 pandemic swept throughout the world in early 2020, many business leaders predicted the disease would change business operations forever. Others thought there would be disruptions, but we’d be generally back to life as normal once the virus subsided. Today, we are still seeing the discrepancy among CEOs. BlackRock Inc. CEO Larry Fink told…

News Analysis Actions taken to counter the ESG movement are broadening as the biggest money managers in the world are being taken to task for pushing their political and ideological stances on companies. Some observers of the progressive investment phenomenon see it as a threat to democracy and national security and a violation of capitalism….

BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according to a new report. According to Marc Rubenstein, a Bloomberg analyst, this was the biggest sum of money ever lost by a single company in a 6-month span. In the…

BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according to the company. This was the biggest sum of money ever lost by a single company in a 6-month span, according to Marc Rubenstein, a Bloomberg analyst. In the company’s…

BlackRock, the world’s largest investment manager that oversees $10 trillion in client funds, has positioned itself as a socially conscious firm. However, the company is choosing China over the United States as it advances its environmental and social priorities, according to Will Hild, executive director of Washginton-based nonprofit Consumers’ Research. Hild said BlackRock CEO Larry…