BlackRock CEO Fink warns companies need to change or risk losing firm's support
'New model of shareholder engagement'
BlackRock CEO Larry Fink. Photo: Moritz Hager/World Economic Forum/Creative Commons CC BY-NC-SA 2.0
Larry Fink, chief executive of BlackRock Investment Management, the world's largest asset manager, has told companies they risk losing the firm's support unless they contribute to society as well as delivering good financial performance.
Fink issued the warning in a letter to large companies predominantly in the US, UK, France and Germany at the end of last week stating public expectation had never been greater, the FT reports. He said...
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