Now, Fink's renewed call has caught the ire of Bluebell Capital Partners, a small investor worth about $250 million with a 0.01% stake in BlackRock, according to the London-based firm. Environmentalists even accused the company of making a brazen attempt at greenwashing its investment policy. BlackRock's New York headquarters is a frequent target of US climate protests Image: picture alliance / Siegfried Anthony/STAR MAX/IPx A small-fry rebellionīlackRock's ESG push dates back to 2020, when the company said it believes that "sustainability should be our new standard for investing." Its CEO's newfound heart for nature and human rights was met with skepticism at the time. So its CEO's call for action on sustainability in company policy seems relevant on a global scale. In this year's letter, published in January, Fink again warned that "every company and every industry will be transformed by the transition to a net-zero world," and added that the only question companies would have to ask themselves was: "Will you lead, or will you be led?"Ĭurrently, BlackRock manages $7.96 trillion (€7.49 trillion) in assets from around the world, including stakes in almost all German blue-chip companies. For a number of years now, the powerful BlackRock boss has flagged change, urging his readers to support ESG goals, meaning investing with "environment, social and governance" aspects as priorities. Here are lots of photos of the house meant to elicit "the era of Gatsby.Larry Fink's annual letter to CEOs is probably the most-read note in American boardrooms due to the influence the head of the world's largest asset management company has on global money markets. But in case you do, check out this California home that is almost entirely comprised of antiques. Do you ever wake up and think, "I wish I was living in a Gatsby-inspired home?" Yeah, me neither. More on why the "Great Atlantic Sargassum Belt" could ruin your next vacation.ĩ. It's coming for the beaches. Beaches in Florida and Mexico are going to disappoint a lot of tourists and residents if this 5,000-mile blanket of seaweed has its way. Surprise, surprise, there's not a bunch of US representation. We've got some airport rankings! An aviation-ranking website released its annual list of the best airports based on passenger reviews. Nearly 10 years later, his advice still holds up.ħ. Sam Altman, the CEO and cofounder of OpenAI, the company behind ChatGPT, gave a lecture at Stanford in 2014 detailing what it takes to build a successful startup. If you want to build a startup, maybe take advice from this guy. These are the six big takeaways from what it all means.Ħ. We analyzed Mark Zuckerberg's lengthy Facebook post on the layoffs. So about those Meta layoffs. You might have seen that the tech giant conducted its second round of layoffs in four months, cutting 10,000 more workers. Here are four reasons we're not headed down the same path.ĥ. It might seem as if we are heading into another global financial crisis, but Moody's chief economist thinks differently. Here's a complete rundown on why Credit Suisse is not having a good time.Ĥ. (Strong show of confidence!) It's now set to borrow up to $54 billion from the Swiss central bank as it looks to shore up liquidity. Credit Suisse saw the SVB madness and said "hold my beer." The Swiss bank's stock plummeted after its biggest investor said it would " absolutely not" invest any more in the beleaguered firm. In one ear and out the other. Insider's Linette Lopez broke down the lessons that will be learned, or not, from the tech industry in the wake of Silicon Valley Bank's collapse. Purdue's Zach Edey backs down Wisconsin's Steven Crowl.Ģ. Account icon An icon in the shape of a person's head and shoulders.
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