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Larry fink blackrock book6/17/2023 ![]() And thus, it will be duly noted by others.” Useem is also the faculty director at Wharton’s Center for Leadership and Change Management and the McNulty Leadership Program. ![]() “But (Larry Fink) begins with Russia’s brutal attack in the first sentence. ![]() “It is notable that, typically, these statements are about the company and how markets are evolving,” said Michael Useem, a professor of management at the University of Pennsylvania’s Wharton School. He doesn’t mince words, describing it as a “brutal attack” that has “upended the world order that had been in place since the end of the Cold War.”įink’s willingness to take a political position as a corporate figure is part of a growing trend among business leaders who no longer view staying silent as the best course of action, according to a Wharton School professor and author who has focussed his academic career on studying management and leadership. When BlackRock ( BLK) CEO Larry Fink published a long letter to shareholders recently that covered a wide range of topics, it was the bold political and economic statements that commanded widespread media attention.Īs the founder of the world’s largest asset management company overseeing $10trn (£7.6trn) in investments, Fink’s influence in the financial world is indisputable.įink’s letter – which was released on 24 March and runs more than 5,000 words – leads with the invasion of Ukraine by Russia. ![]() BlackRock CEO Larry Fink spoke out against Russia’s invasion of Ukraine in his letter to shareholders - Photo: Shutterstock ![]()
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