Radical left Blackrock CEO Larry Fink was caught on audio Friday completely losing his mind as red states cut off funds to his woke company, including the Texas Permanent School Fund’s decision to withdraw $8.5 billion last month.
BlackRock is the largest asset management firm in the world, overseeing trillions of dollars worth of assets. It was founded in 1988 by Fink.
The company used to focus solely on risk management and fixed-income securities management but has since attempted to force companies across America to adopt a social credit system akin to Communist China focused on Environment and Social Justice (ESG) or face penalties. This includes forcing companies to go along with the radical left’s DEI agenda and pressuring firms not to fund coal and other fossil fuel projects.
Bud Light’s partnership last year is a textbook example of how this scheme works.
Will Hild, Executive Director of Consumers First, was the first to obtain audio of Fink losing his mind over Texas and other states defying his dangerous woke agenda.
LISTEN:
JUST IN: @BlackRock CEO Larry Fink *absolutely lost it* on their latest earnings call, after the Texas Permanent School Fund pulled $8.5 billion from the woke asset manager over their continued ESG activism:
— Will Hild (@WillHild) April 12, 2024
Relevant transcript:
Fink: I’ve spoken before about the fear we see today. Some are stoked by increasing political polarization in the world.
Our industry and Blackrock have been the subject of political dialogue, mostly in the United States… We have done a better job of telling our story so people can make decisions based on FACTS, not lies or misinformation by others!
Unfortunately, there are still others out there who put short-term politics and continuously lie about these issues. They are putting issues above the long-term fiduciary responsibilities.
As a fiduciary, politics should never outweigh performance!
In addition to Texas, Florida, Arizona, Arkansas, Louisiana, Missouri, South Carolina, Utah, and West Virginia have divested from Blackrock.
Following the political agenda of the democratic socialist that controls the funding and the Congressional efforts to make people dependent on “Woke” agendas and control over ESG programs that were passed on to Blackrock as supporting efforts were financially sponsored by investments by states they have removed their funds in response to the companies agenda!
he complains about the states making political decisions, when he himself is violating that very credo he is referencing.
ESGs are an abomination and EVERY individual and mutual fund organizer SHOULD divest themselves from evil BlackRock! I hope the class action lawsuit against them is successful.