BlackRock CEO Larry Fink’s recent meltdown during an earnings call highlights the backlash against the company’s embrace of a “woke” environmental, social, and governance (ESG) agenda. Fink’s frustration over the loss of billions in contracts due to perceived misinformation underscores the growing skepticism towards corporate activism. The incident serves as a stark reminder that even industry giants are not immune to the financial repercussions of prioritizing social causes over shareholder interests.
BlackRock CEO Larry Fink suffered a meltdown during an earnings call over the company losing billions of dollars in contracts due to the international asset manager’s woke “environmental, social, and governance” (ESG) agenda.
During the call, Fink lost his cool as he complained… pic.twitter.com/nsdtrFDy9P— Win Smart, CFA (@WinfieldSmart) April 16, 2024