The state treasurer of North Carolina demands that BlackRock Inc. CEO Larry Fink “resign or be removed” immediately in a letter Friday to the board of directors of the multinational investment company.
“As keeper of the public purse, my duty is to manage our investments to ensure that the best interests of those that teach, protect and serve, as well as of our retirees, are always paramount,” North Carolina State Treasurer Dale Folwell says in the letter to BlackRock’s board.
“The North Carolina Retirement Systems (NCRS) have approximately $14 billion invested through BlackRock in various active and passive funds, in addition to around $55 million passively invested in BlackRock stocks or bonds,” writes Folwell, a Republican who won reelection in 2020.
Photo credit: (Photo: Michael M. Santiago/Getty Images)
