The Real ExxonMobil Story Is the Boundless Ego of BlackRock\u2019s CEO<\/strong><\/a><\/p>\n

Last week, Exxon Mobil, one of the world\u2019s largest publicly traded international oil and gas companies, lost a critical board fight with Engine No.1, a \u201cwoke\u201d small investor group. The win was predictably spun by the mainstream media as a David vs. Goliath story as well as a milestone moment for a new type of altruistic Environmental, Social and Governance investor. The truth, however, is more cynical than heroic. Among other things, this is a story of how a billionaire like Larry Fink, a true Wolf of Wall Street, uses other people\u2019s money to simultaneously camouflage his checkered past and help promote himself as an elder statesman of the markets, a beneficent oligarch with a penchant for saving the planet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, Exxon Mobil, one of the world\u2019s largest publicly traded international oil and gas companies, lost a critical board fight with Engine No.1, a \u201cwoke\u201d small investor group. The win was predictably spun by the mainstream media as a David vs. Goliath story as well as a milestone moment for a new type of altruistic Environmental, Social and Governance investor. The truth, however, is more cynical than heroic. Among other things, this is a story of how a billionaire like Larry Fink, a true Wolf of Wall Street, uses other people\u2019s money to simultaneously camouflage his checkered past and help promote himself as an elder statesman of the markets, a beneficent oligarch with a penchant for saving the planet.<\/p>\n","protected":false},"author":3,"featured_media":1625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[199,270,41,206],"acf":[],"yoast_head":"\n