In advertising in the United States of America, and on its corporate web site, BlackRock points out that it “helps 44 million Americans retire with dignity”. BlackRock is the world’s largest asset management team, with US$10 trillion in assets under management, 20,000 employees, offices around the world, and clients in 100-plus countries.īlackRock clearly self-identifies as an asset management firm serving fiduciaries with strong ESG in focus, striving to be the leader of ESG investment in the capital markets. The recent annual letters have contained important information for both corporate leaders and the investment community. Fink: “I write these letters as fiduciary for our clients who entrust us to manage their assets – to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals.” In these much-anticipated annual missives, Founder/Chair/CEO Fink outlines what the world’s largest management firm has in mind as his organization helps to manage billions’ of dollars of portfolio investments for institutional clients.Įxplains Mr. This year, BlackRock published one letter – for the firm’s investors, to be shared with stakeholders. The annual letter to corporate CEOs is described as “on behalf of our clients” – BlackRock’s fiduciary/clients. The annual letters (one for corporate CEOs and one for BlackRock investors) has set out important themes for both corporate and capital market leaders to consider (including fiduciaries entrusting their assets to BlackRock to manage). Here are lots of photos of the house meant to elicit "the era of Gatsby.By Hank Boerner – Chair & Chief Strategist, G&A InstituteĪs the interest in ESG continues to rise in the capital markets and corporate community, in recent years the business and financial media have focused attention on the annual letter that CEOs of many publicly-traded companies receive from Larry Fink, Chair and CEO of BlackRock. But in case you do, check out this California home that is almost entirely comprised of antiques. Do you ever wake up and think, "I wish I was living in a Gatsby-inspired home?" Yeah, me neither. More on why the "Great Atlantic Sargassum Belt" could ruin your next vacation.ĩ. It's coming for the beaches. Beaches in Florida and Mexico are going to disappoint a lot of tourists and residents if this 5,000-mile blanket of seaweed has its way. Surprise, surprise, there's not a bunch of US representation. We've got some airport rankings! An aviation-ranking website released its annual list of the best airports based on passenger reviews. Nearly 10 years later, his advice still holds up.ħ. Sam Altman, the CEO and cofounder of OpenAI, the company behind ChatGPT, gave a lecture at Stanford in 2014 detailing what it takes to build a successful startup. If you want to build a startup, maybe take advice from this guy. These are the six big takeaways from what it all means.Ħ. We analyzed Mark Zuckerberg's lengthy Facebook post on the layoffs. So about those Meta layoffs. You might have seen that the tech giant conducted its second round of layoffs in four months, cutting 10,000 more workers. Here are four reasons we're not headed down the same path.ĥ. It might seem as if we are heading into another global financial crisis, but Moody's chief economist thinks differently. Here's a complete rundown on why Credit Suisse is not having a good time.Ĥ. (Strong show of confidence!) It's now set to borrow up to $54 billion from the Swiss central bank as it looks to shore up liquidity. Credit Suisse saw the SVB madness and said "hold my beer." The Swiss bank's stock plummeted after its biggest investor said it would " absolutely not" invest any more in the beleaguered firm. In one ear and out the other. Insider's Linette Lopez broke down the lessons that will be learned, or not, from the tech industry in the wake of Silicon Valley Bank's collapse. Purdue's Zach Edey backs down Wisconsin's Steven Crowl.Ģ. Account icon An icon in the shape of a person's head and shoulders.
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