The Relationship Between BlackRock and Retail Investors
What, exactly, is the relationship between BlackRock and the retail investors who own shares in the index funds that it manages?
Larry Fink and the Wrong Kind of Capitalism
It’s the time of year when Larry Fink, the chairman and CEO of BlackRock, comes out with his annual letter to CEOs, a letter in which he tells CEOs what he expects of them. As BlackRock marked the end of 2021 by passing the benchmark of $10 trillion under management, an impressive figure however you look at it, many CEOs will treat Fink’s thoughts with rather more respect than their shareholders or our democracy deserve — $10 trillion will do that.