| BlackRock more than tripled its spending on home security for Larry Fink last year, after the asset manager’s chair and chief executive became a target for “anti-woke” activists and conspiracy theorists.
Blackrock chief Larry Fink has been called “king of the woke industrial complex the ESG movement”.of the world’s largest money manager has been singled out by conservatives and fringe groups as part of a backlash against BlackRock’s use of investing based on environmental, social and governance factors.
Mr Fink said at the time that the debate references were “a sad commentary on the state of American politics”. BlackRock’s offices have also been targeted for periodic protests by climate activists who say it has not done enough to promote decarbonisation.In 2022, the asset manager set up personal security plans for Mr Fink and BlackRock president Robert Kapito, following a report by a security group.
Pharmaceuticals groups Pfizer and Moderna, which have both faced criticism from fringe groups over their COVID-19 vaccines, also spent heavily on security for their CEOs last year. Moderna paid just over $US1 million for security services to Stéphane Bancel, after not disclosing any security payments for him the previous year.