Jerry Bowyer: Blackrock Pushes Political Agenda Over Shareholder Profits
Blackrock, the world’s largest asset manager was recently the subject of an investigation by the Wall Street Journal, which found that its CEO, Larry Fink has been aggressively using his power position to pursue a political agenda which the report refers to as “saving the world.” Billionaire gadfly Sam Zell had a different take “I didn’t know Larry Fink had been made God.”
What are Fink and Blackrock trying to save the world from? The use of fossil fuels—which remain the most abundant and affordable energy sources. They also have their eyes on a weakening of RFRA—the Religious Freedom Restoration Act. They are also against our system of shareholder capitalism which leaves corporate managers accountable to investors.
And: They’re using your money to do this. It’s time to contact your financial advisor and see if your money is being used against your views—or contact the funds you own directly and ask them what they’ve been supporting in your name.
Use your power or lose your power.
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