World’s Biggest Investor Tells C.E.O.s Purpose Is the ‘Animating Force’ for Profits
ByA year after his annual letter to chief executives urged them to run their companies with the social good in mind, the BlackRock chief Larry Fink said they must step into a leadership vacuum.
BlackRock’s chief executive, Larry Fink, released his annual letter to fellow executives on Wednesday, several hours after it had been spoofed. Mike Cohen for The New York Times
Larry Fink, the investment manager who oversees nearly $6 trillion at BlackRock, set off a yearlong conversation among business leaders and policymakers last January when he wrote a letter to chief executives declaring that companies needed to do more than make profits.
Mr. Fink wrote that it was crucial that businesses also made “a positive contribution to society” — and that he planned to hold them to account…
World’s Biggest Investor Tells C.E.O.s Purpose Is the ‘Animating Force’ for Profits
