Black Rock CEO Admits they are part of the problem
the staff of the Ridgewood blog
New York New York, BlackRock has been synonymous with the rise of ESG (Environmental, Social, and Governance) investing. But as 2026 kicks off, the tide is turning.
In a surprising twist, BlackRock CEO Larry Fink recently suggested that a new federal crackdown on proxy advisers might empower “foreigners” and “activists.” However, critics—and even some of his own peers—are pointing the finger back at him. They argue that BlackRock isn’t the victim of this shift; it’s the primary architect of the very problem Fink now decries.
