But what truly sets Fink apart is his desire to change the very financial system that made him who he is.įink speaks out forcefully and often about the perils of short-term thinking, especially on Wall Street-a topic that has already found traction in the early days of the 2016 U.S.
And he’s on HBR’s 2015 list of the world’s top-performing CEOs. The 63-year-old former securities trader cofounded and still runs the world’s biggest money-management firm, BlackRock, which controls assets approaching $5 trillion.
Spokesperson: Governance & Accountability Institute, Inc.Įmail: Governance & Accountability Institute, Inc.Larry Fink is one of the most powerful players in global finance. View additional multimedia and more ESG storytelling from Governance & Accountability Institute, Inc. This is just the introduction of G&A's Sustainability Highlights newsletter this week. This year's letter is worth reading as we contemplate the effects of Red State attacks on ESG and "woke" asset managers. We've included the link to Fink's Annual Letter to Investors for your reading and a link to the Harvard Law School Forum on Corporate Governance (the Annual Letter is posted there in different format). Helping clients navigate and invest in the global energy transition. Total return of 7,700% since the company's IPO in 1999, making BlackRock the highest-performing financial services stock in the S&P 500.įink's take on recent turmoil in the banking sector.Īn economy of fragmentation, with backlash against globalization and political polarization in the U.S.īuilding a hopeful future for retirees and investing for the future as an act of hope and optimism. The BlackRock Story, with 2023 marking the firm's 35th anniversary. The focus of Fink's 2023 letter is on the positive aspects of sustainable investing - the letter is addressed to investors with the theme,"Making Investing More Accessible, Affordable, and Transparent to More People is Core to Our Mission at BlackRock." For that reason, I am writing a single letter to investors, and we are sharing it with all of our stakeholders." For 2023, Fink writes, "it is clear to me that all of our stakeholders - BlackRock shareholders, clients, employees, partners, the communities where we operate, and the companies in which our clients are invested - are facing so many of the same issues. In past years, Fink also wrote a separate annual letter to BlackRock's clients discussing major issues the firm was following. Explains Fink: "I write these letters as fiduciary for our clients who entrust us to manage their assets - to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals." In advertising in the United States, and on its corporate web site, BlackRock points out that it "helps 44 million Americans retire with dignity" (through the management of assets in employee retirement programs).įink's recent annual letters to CEOs have contained important information for both corporate leaders and the investment community. In these much-awaited missives, Fink outlines what the world's largest management firm has in mind as his organization helps to manage trillions of dollars of portfolio investments.īlackRock is the world's largest asset management team, with US$10 trillion in assets under management, 16,000 employees, offices around the world, and clients in 100-plus countries. In recent years, the media has focused a great deal of attention on the annual letter that Larry Fink, Chair and CEO of BlackRock, writes to CEOs of publicly-traded companies on behalf of its clients. NORTHAMPTON, MA / ACCESSWIRE / Ma/ Governance & Accountability Institute, Inc.
0 kommentar(er)
