BlackRock Chief Executive Larry Fink increasingly uses his platform to address issues well beyond finance, such as racial inequality and the environment. — AFP pic
“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” Fink wrote 2018. Fink’s public stances on hot-button issues such as immigration, gun control and climate change have won plaudits from some, including“Larry Fink has been willing to address social issues and controversial political topics that most US CEOs have been unwilling to touch,” Sorkin told AFP.
“When you use other people’s money to advocate a position with which that they might not necessarily agree, I think that’s where you cross the line,” Elson said in an interview. In the wake of the 2008 financial crisis, US officials turned to Fink and his company to manage toxic assets that the government took control of during bailouts.