Who owns this entity?
Is Fink master of his domain?
I don’t want to excuse the sins of Blackrock, but it’s not a proper comparison of their assets under management vs GDP. One is, in a business, more like gross sales, which go in the income statement, while assets go in the balance sheet.
More like this -
https://en.wikipedia.org/wiki/Financial_position_of_the_United_States
Of course, it’s a swag, and there are all sorts of restrictions on monetizing some assets, but that’s the scale of things we are talking about.
Blackrocks assets belong in the total assets category, as there are future payment claims against most of them - retirement funds, etc.
Blackrock is the reason why Disney has gone queer. Blackrock is the reason Budweiser has lost billions.
When a 1 trillion dollar holding company tells billion dollar corporations what to do, they listen . They have no choice
Evil has a name and that name is Blackrock.
Fink was born on November 2, 1952.[6][7] He grew up one of three children in a Jewish family[8] in Van Nuys, California, where his mother Lila (1930–2012) was an English professor and his father Frederick (1925–2013) owned a shoe store.[3] He earned a BA in Political Science from UCLA in 1974.[7] Fink is also a member of Kappa Beta Phi.[9] He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.[7][10]
BTTT