BlackRock is backing away from supporting shareholder proposals that embrace environmental and social themes, an indication that the GOP pressure campaign against ESG, or environmental, social, and governance regulations, might be making headway.
BlackRock executives are asserting that investors now have more of a say in how companies tackle specific corporate decisions as the asset manager faces significant Republican backlash over its embrace of ESG principles.
BlackRock CEO Larry Fink s much-anticipated annual letter deemphasized talk about the climate and said that companies aren t “the environmental police," a notable shift from the tone in recent years that has made him a top target of conservatives.
Vivek Ramaswamy author of ‘Woke, INC.’ and founder of Roviant Sciences currently is working hard to TAKE BACK control from the three largest asset managers in the world…including BlackRock, which manages over 10 TRILLION dollars of everyday Americans finances (that s more than half the U.S. GDP.