BlackRock is “continuing to advance diversity, equity and inclusion (DEI),” writes CEO Larry Fink.
QUICK FACTS:
- Larry Fink, the CEO of BlackRock, the world’s largest money manager, in his annual letter to shareholders published Thursday, outlined how his company will “remain focused” on “continuing to advance diversity, equity and inclusion (DEI) to make sure we’re broadening representation across the firm and cultivating an inclusive culture.”
- DEI is described by critics as a “woke agenda” based on Critical Race Theory (CRT) and other “racially divisive principles,” whose goal is to “reshape society radically.”
- Fink writes, “Our steadfast commitment and actions to accelerate DEI are not only to attract and retain diverse employees but also to allow them to flourish, feel supported and have a true sense of belonging at BlackRock.”
WHAT ELSE FINK SAID IN BLACKROCK’S ANNUAL LETTER:
“Ensuring BlackRock remains a great place to work for years to come is a continuous journey, and we are incredibly fortunate to have our Board of Directors oversee human capital management at BlackRock,” writes CEO Fink. “They review culture and talent regularly at Board meetings and devote one meeting annually to an in-depth review of BlackRock’s culture, talent development, retention and recruiting initiatives, DEI strategy, leadership and succession planning, and employee feedback. This is a continuous journey and BlackRock’s Board engages continuously with us on these important matters.”
BACKGROUND:
- BlackRock CEO Larry Fink is a board member at the World Economic Forum (WEF).
- BlackRock is an official partner of the WEF.
- The WEF predicts that by the year 2030, you will “own nothing. And you’ll be happy.”
- By the same year, the U.S. “won’t be the world’s leading superpower,” according to the WEF.
- BlackRock owns major shares in virtually every major international company, and “by virtue of their status as owners, have ultimate authority over its business,” according to Harvard Business Review.
