BlackRock boss steps up security after anti-woke backlash
8 months ago

BlackRock boss steps up security after anti-woke backlash

The Telegraph  

BlackRock spent nearly $800,000 last year on security for its chief executive Larry Fink following a backlash by activists over the company’s “woke” stance on investing. The world’s biggest asset manager spent $564,000 upgrading security systems at Mr Fink’s home and $217,000 on bodyguards in 2023, according to a filing earlier this month that was first reported by the Financial Times. Mr Fink, a 71-year-old billionaire who sets out his views on social issues in a widely read letter every year, has come under personal attack from Republicans in the US. Former presidential candidate Vivek Ramaswamy called him “the king of the woke industrial complex the ESG movement”.

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History of this topic

Blackrock appoints Saudi oil chief to board amid ‘woke’ investing controversy
1 year, 5 months ago

Blackrock appoints Saudi oil chief to board amid ‘woke’ investing controversy

The Telegraph  

Blackrock has appointed the leader of Saudi Arabia’s oil company to its board, in its latest apparent retreat from the “environmental, social and governance” emphasis that has made it a target for “anti-woke” criticism. Blackrock said the decision reflected the importance of the Middle East to its business and, under Nasser’s leadership, the emergence of Aramco as a “leader in …

BlackRock is not 'woke', insists Larry Fink
2 years, 11 months ago

BlackRock is not 'woke', insists Larry Fink

The Telegraph  

The chief executive of the world’s biggest money manager has denied claims his firm is “woke”, while warning that companies rolling back flexible working patterns after the pandemic “do so at their peril”. Larry Fink of BlackRock used his annual letter to chief executives to deny accusations his firm has pushed a progressive political agenda, arguing that investors should focus …

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