Ughh, an Editor’s nightmare just transpired when in checking the SEO for this story I googled “Larry Fink Wet Noodle” and landed on a similar title by Gretchen Morgenson in The New York Times from 2016. Worse, not only did I use the same metaphor in the title but I also highlighted the same inadequacy as she as the basis for my post.
Nevertheless six years have passed, Blackrock has doubled its assets under management and its clout in the market, and absolutely zero has been done by Larry Fink to rectify this issue. That gap makes his do-gooder proselytizing all the more galling, and also makes my caustic take all the more relevant.
LARRY Fink’s 2022 “Letter to CEO’s” is out and receiving the opprobrium it deserves. It is a very lengthy diatribe with the proper focal points and wording perfectly hitting the just-left-of-center midpoint where the nation currently stands, and everyone no matter what their viewpoint on these matters is seeing right through the pablum.[Read more…] about Larry Fink And His Annual Wet Noodle