Climate activists boo Larry Fink’s CEO letter

Fink, Larry (BlackRock) 2017 from PA 230x150.jpg
By Jon Hay
17 Jan 2019

Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

Coming from the head of the world’s largest asset manager, this was hailed as a turning point — the beginning of the end of the narrow shareholder value doctrine that has prevailed in Anglo-Saxon capitalism for the last 40 years.

“Without a sense of purpose, no company, either ...

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