When my partners and I founded BlackRock as a startup 34 years ago, I had no experience running a company. I write these letters as a fiduciary for our clients who entrust us to manage their assets – to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals. That is why, for the past decade, I have written to you, as CEOs and Chairs of the companies our clients are invested in. It is a long-term endeavor, and we take a long-term approach. The financial security we seek to help our clients achieve is not created overnight. The majority of our clients are investing to finance retirement. Consumers’ Research highlights that low returns may be a function of what BlackRock invests in while pursuing its politicized green energy goals.Each year I make it a priority to write to you on behalf of BlackRock’s clients, who are shareholders in your company. Is it working? The firm’s assets under management fell 22% in the first quarter of 2022, and recently Larry Fink told investors to expect low returns for at least the next ten years.
We will continue our work to safeguard American consumers from unknowingly contributing to their country’s own downfall and the propping up of China’s communist regime.” Hild continued, “Fink’s ESG façade is one of the biggest racquets the world has seen.
LARRY FINK BLACKROCK HOW TO
He also thinks consumers should take particular offense to Fink’s habit of telling them how to live, “We cannot let liberal elites like Larry Fink dictate how Americans should live so he can force an agenda and line his pockets.” You also may have seen some of the organization’s previous work targeting the woke hypocrisy of State Farm, Levis, and Coca-Cola, to name just a few.Īccording to Hild, “Consumers deserve to know where their investments are going, especially when it’s leading to higher costs everywhere from gas pumps and groceries to rent prices and housing costs.” Several national ads have run targeting BlackRock‘s record on China, the firm’s environmental record, and Fink personally. Hild and Consumers’ Research believe consumers can make better choices when they have the knowledge and freedom required to select products and services that focus on product quality and customer service rather than politics and virtue signaling. The campaign included a previous Consumer Warning informing Americans that BlackRock CEO Larry Fink was using other people’s money entrusted to his firm to go all in on China. The latest ad builds on a campaign that Consumers’ Research launched more than a year ago, setting off the alarms on what BlackRock and the ESG army are really up to. Related: A New Investment Fund Is Taking the Fight Over ESGs to the Boardroom The SEC is supposed to protect investors but appears to be pursuing political aims aligned with the Biden administration. He is challenging the Securities and Exchange Commission’s (SEC) ESG reporting requirements after defeating the EPA at the Supreme Court last term.
West Virginia’s Attorney General Patrick Morrissey filed his second lawsuit against a federal agency. There are political solutions to combating environmental, social, and governance (ESG) initiatives, and leaders in some states are beginning to talk about them.
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