BlackRockâs Betrayal: #Woke Wall Street Pushes Leftist Agenda on Corporate America
Larry Fink
Larry Fink  is probably the most powerful person most Americans have never heard of. And now  he  is deploying  his  vast power to cajole corporate America into pursuing a left wing agenda under the guise of asking them to âcontribute to society.â
 Laurence D. Fink  is the founder and chief executive of the enormous investment firm BlackRock  which manages in the neighborhood of $6 trillion of assets. That enormous hoard of financial assetsâwhich it invests on behalf of individuals with 401(k) plans institutions such as pension funds  state and local governments  Fortune 500 companies  sovereign wealth funds  and college endowmentsâmakes BlackRock the largest investor in the world. It gives BlackRockâand Fink himselfâenormous sway in corporate boardrooms and the stock market.
Now  Fink  is deploying  his  financial clout by demanding business leaders adhere to a left-wing agenda. In  his  annual letter released Tuesday   Fink  announced that BlackRock will require that companies make a âpositive contribution to societyâ and âserve a social purpose.â
Unfortunately   Fink  goes beyond calling for increased corporate responsibility.  His  letter makes it clear that  he  defines the act of making a contribution very narrowly.  He  wants companies to adopt left-wing policy goals in the name of corporate responsibility.
[TGT] is probably the most powerful person most Americans have never heard of. And now   [TGT]   is deploying   [TGT]   vast power to cajole corporate America into pursuing a left wing agenda under the guise of asking them to âcontribute to society.â
 Laurence D. Fink  is the founder and chief executive of the enormous investment firm BlackRock  which manages in the neighborhood of $6 trillion of assets. That enormous hoard of financial assetsâwhich it invests on behalf of individuals with 401(k) plans institutions such as pension funds  state and local governments  Fortune 500 companies  sovereign wealth funds  and college endowmentsâmakes BlackRock the largest investor in the world. It gives BlackRockâand Fink himselfâenormous sway in corporate boardrooms and the stock market.
Now   [TGT] is deploying   [TGT]   financial clout by demanding business leaders adhere to a left-wing agenda. In   [TGT]   annual letter released Tuesday    [TGT] announced that BlackRock will require that companies make a âpositive contribution to societyâ and âserve a social purpose.â
Unfortunately    [TGT] goes beyond calling for increased corporate responsibility.   [TGT]   letter makes it clear that   [TGT]   defines the act of making a contribution very narrowly.   [TGT]   wants companies to adopt left-wing policy goals in the name of corporate responsibility.