Washington Post (June 1)
“Even as the Trump administration’s commitment to the [Paris] climate accord wavered, the Exxon vote showed that climate concerns were gaining ground in the business world.” BlackRock, Vanguard and State Street apparently cast their “shares in opposition to Exxon management.” Their success “marked an important step for groups that have been trying to force corporations to adopt greater disclosure and transparency about the financial fallout of climate change.” Ultimately, 62.3% of shares cast were against ExxonMobil management, effectively forcing “the oil giant to report on the impact of global measures designed to keep climate change to 2 degrees centigrade.”
Tags: BlackRock, Climate, Disclosure, Exxon, Fallout, Impact, Management, Opposition, Paris accord, State Street, Transparency, Trump, Vanguard
Bloomberg (February 8, 2012)
Larry Fink, the CEO of the world’s largest asset manager, BlackRock Inc. (BLK), has provocative advice for investors. He’s bullish on the economic outlook and urges investors to take advantage of ultra-low equity valuations. According to Bloomberg, Fink believes “investors should have 100 percent of investments in equities because of valuations and higher returns than bonds.”
Tags: BlackRock, Bonds, Bullish, Equities, Larry Fink, Outlook, Valuations
Bloomberg (June 11)
CEO Laurence Fink of BlackRock, the world’s largest asset manager with assets of $3.65 trillion, said the U.S. will grow more slowly (2-3% a year) than the global economy (3-5%) for most of a decade. “We will have modest growth for five to 10 years…. If we cut our deficits, I may be wrong, and they [growth figures] might be lower.”
Tags: BlackRock, Deficits, Fink, Global growth, U.S. growth
