Posted on 06/26/2023 7:27:12 AM PDT by hcmama
BlackRock CEO Larry Fink said he's no longer using the term "ESG" (environment, social and governance) because it is being politically "weaponized" and he's "ashamed" to be part of the debate on the issue.
What's new: In a conversation at the Aspen Ideas Festival on Sunday, Fink acknowledged that Florida Gov. Ron DeSantis' decision to pull $2 billion in assets hurt his firm in 2022, but made clear last year was his company's best with net flows of $200 billion from U.S. clients.
What he's saying: "I'm ashamed of being part of this conversation," Fink said.
"When I write these [investment] letters, it was never meant to be a political statement. … They were written to identify longterm issues to our longterm investors," he told the crowd.
(Excerpt) Read more at axios.com ...
Fink was born on November 2, 1952.[7][8] He grew up one of three children in a Jewish family[9] 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.[8] Fink is also a member of Kappa Beta Phi.[10] He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.[8][11]
Blackhole and ESG the place where money gets sucked in never to be seen again
Larry Fink is ashamed that he got caught being part of ESG.
In the same discussion he said that attitudes need to be forced into change, and Blackrock was forcing change.
But it would make a much bigger difference in how these corporations push these degenerate social agendas if people cared nearly as much about how their 401K was invested
He made political policy statements using our personal retirement funds as his personal conscience. The guy needs a pink mist moment.
When their toxic policies are discredited they never rethink their fundamental positions and assumptions, but focus instead on how they can be rebranded
>>Instead, “we talk a lot about decarbonization, we talk a lot about governance … or social issues, if that’s something we need to addressed,” he said.
He’s still enforcing “woke capitalism”, he’s just changing jargon now that people have caught on.
Fink sure can't lie straight. He's just a bigger Sam Bank Friedman with less hair.
ESG actually stands for Extra-Special Grifting, the use of wokeism to obtain more personal funds.
Who the heck would invest their money with a guy buy the name of “Larry Fink”? The name alone sounds like a comic book villain.
“No, you don’t understand! I’m doing GOOD! And you’re saying I’m doing BAD! But my ideas are righteous and unimpeachable! So I refuse to debate you and will keep doing GOOD!”
We call that a cult - and it’s NOT a “good” investment vehicle.
His statement has different meaning for him than what we want it to be.
Yes and the commies at BlackRock are just changing the names to keep doing the same thing. Decarbonization.
Fink and his pals urgently need to be decarbonized. Keyser Sose style.
This is an outright lie. Fink has been recorded as crowing about "behavior must be forced". His form of "behavior", his force. This is purely and inherently political, in fact, it's classically fascist.
Yup—Fink’s raw evil is no conspiracy theory.
He wants power over the peons.
It’s time for a re-branding.
He has so very much to be ashamed of.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.