Is Blackrock a conservative company?

BlackRock Inc. is the world’s largest asset manager, with over $8.5 trillion in assets. Fink founded the company and has served as CEO since 1988. Criticism of BlackRock has escalated within the past year, as conservatives began pushing back on environmental, social, and governance, or ESG.

Why was Blackrock a target?

As business leaders and conservatives began to pushback on ESG, BlackRock became a target. Republican controlled states began divesting their investments from BlackRock, claiming that the company and Fink were engaged in activism and imposing their beliefs on American companies.

Is Blackrock a fiduciary?

“This nearly six-year-old clip misconstruing Larry’s words about BlackRock’s own approach to its employees has been circulating for years on social media and is often taken out of context. As a fiduciary, BlackRock’s actions serve one purpose: maximizing long-term financial value for our clients.