Posted on 04/08/2025 4:22:03 PM PDT by george76
Larry Fink, the CEO of BlackRock Inc., warned policymakers in New York City on Monday that crime, cleanliness and a shortage of quality schools have significantly undermined the city’s attractiveness to businesses.
“The city is on the verge of losing a lot of companies,” the 72-year-old Fink said during a candid conversation hosted by the Economic Club of New York on Monday.
“I don’t believe the city has the vitality that it did before.”
...
Fink, who first arrived in New York during the rough-and-tumble 1970s when it was plagued by an economic crisis and widespread urban decay, expressed deep frustration, saying: “I believed that my taxes were used to help build out the city. I don’t feel that way anymore.”
His investment firm, BlackRock, oversees assets totaling approximately $11.6 trillion and is headquartered in Manhattan’s Hudson Yards
....
Since late 2019, approximately 160 Wall Street firms, collectively managing nearly $1 trillion in assets, have moved their headquarters out of New York.
...
The city has seen a significant reduction in drugstores, losing nearly 40% over the past decade, with 10% of closures occurring in 2024 alone.
Major chains like Walgreens, CVS, and Rite Aid have reduced their presence, citing factors such as rampant shoplifting and other crimes.
...
Major felony crimes have increased by 32.0%, including serious offenses such as murder, rape, robbery, assault, burglary, grand larceny, and auto theft.
Petty thefts at drugstores have increased by 37.4%, while quality-of-life offenses resulting in summonses, including public drinking and urination, have jumped by 37.7%
(Excerpt) Read more at nypost.com ...
But Blackrock supports the policies that created those situations.
Trying to pivot out of thier image?
It says a lot that they have to be told these things.
Yep…..ESG…… environmental, social, and governance…BlackRock and Fidelity pushing their mutual funds…..
It’s not personal, it’s business. You can make money in a boom cycle, and when the bust comes you swoop in and buy on the cheap.
How about maybe stop dragging Trump (or anyone else) into multiple prosecutions, civil and criminal.
I have always wondered why the big money in New York (or any of our large urban areas) support leftest Democrats?
If they cut off funding the Democrats and turn to supporting Republicans things might change.
TEXAS WOULD LOVE TO HAVE THOSE HEADQUARTERS,
It's their fault that NYC is a $#ithole because they give $$$ to Democratic politicians and they refuse to support a Republican like Rudy.
What is missing courtesy of numbnuts like Fink, Braggart, Adams (to a degree) “Tish” and Princess Kathy is DETERRENCE. Since that has been “eliminated” the City and State of NY have become a fetid sewer.
“I have always wondered why the big money in New York (or any of our large urban areas) support leftest Democrats?”
Answer is very simple, Democrats were slave owners. Lincoln beat them in a civil war, but did not finish them off.
they have roared back like gangbusters!
Except all non-elite Democrats are the slaves now.
NYC here equals Mannhattan.
Yeah, Larry Fink was fully behind the policies that created those situations until it went to far and he doesn’t want to lose some money.
You nailed it. There goes Fink blaming the other kid did it.
F@#k Fink...... a illegal immigrant hotel, bus stop for prison parolees and taco trucks need to be placed at his front door.
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