1. Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere

    Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere
    • BlackRock CEO Larry Fink on Tuesday sent a letter to CEOs of public companies outlining his expectation that they start accounting for their effect on society.
    • BlackRock, a $6.3 trillion asset manager, is doubling the size of its investor-stewardship program, which aims to engage with companies rather than rely on proxy voting.
    • "Society is demanding that companies, both public and private, serve a social purpose," Fink wrote...
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    1. Society is demanding that companies, both public and private, serve a social purpose.
    2. BlackRock recognizes and embraces our responsibility to help drive this change.
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