BlackRock expected to post booming earnings — as Larry Fink’s firm shifts from woke investing of past
Red State treasurers still look at BlackRock’s CEO Larry Fink with skepticism, but these days less so, and they’ve largely ...
BlackRock is trying to avoid the hot seat as GOP takes power
The world’s biggest money manager is trying to avoid some political headaches as the GOP prepares to take over all of ...
BlackRock Senior Executive Wiedman Leaving After Two Decades (1)
Mark Wiedman, one of BlackRock Inc.’s most senior executives and a potential successor to Chief Executive Officer Larry Fink, is leaving the world’s largest asset manager in a shuffle of its top ranks ...
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon ...
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DAVID BLACKMON: ESG Is Collapsing And Net Zero Is Going With It
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
BlackRock is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a ...
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BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing
The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero ...
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Federal Court Rules ESG-Guided Investing of 401(k) Plan Is a Breach of Fiduciary Duty
Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in ...
Exclusive: Investor climate group suspends activities after BlackRock exit
A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...
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American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Simply sign up to the ESG investing myFT Digest -- delivered directly to your inbox. A US federal court has ruled that ...
BlackRock quits climate group as Wall Street lowers environmental profile
BlackRock , the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the ...
Texas judge strikes down American Air’s ESG focus in retirement accounts
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were ...