Sen. J.D. Vance said that BlackRock should be “dealt with accordingly” for engaging in “illegal and immoral conduct.”
The Ohio senator responded to Twitter users sharing a video of BlackRock CEO Larry Fink saying at the 2017DealBook conference that the financial giant is “forcing behaviors” to boost diversity. The video recently has gone viral.
This nearly six-year-old clip misconstruing Larry’s words about BlackRock’s own approach to its employees has been circulating for years on social media and is often taken out of context. As a fiduciary, BlackRock’s actions serve one purpose: maximizing long-term financial value for our clients.
BlackRock and other large asset managers have led the Environmental, Social, and Governance movement, which has pressured companies to adopt leftist positions, such as diversity requirements and climate change positions, they otherwise would not back.
In May 2021, BlackRock urged United Parcel Services , of which Blackrock owns 7.3 percent, to issue a report on how the company plans to reduce emissions in alignment with the Paris Agreement’s
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