BlackRock CEO slammed for 'force behaviors' comment after 2017 interview re-emerges

BlackRock CEO slammed for 'force behaviors' comment after 2017 interview re-emerges about DEI initiatives

Larry Fink, CEO of investment firm BlackRock, is facing backlash over a 2017 comment admitting his company would "force behaviors" on inclusion efforts, amid a rise in pushback against companies making environmental, social, and corporate governance (ESG) investments on behalf of everyday Americans.

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"This nearly six-year-old clip misconstruing Larry’s words about BlackRock’s own approach to its employees has been circulating for years on social media and is often taken out of context. As a fiduciary, BlackRock’s actions serve one purpose: maximizing long-term financial value for our clients," BlackRock said. "As an employer, BlackRock seeks to hire employees from a wide range of backgrounds and perspectives because we believe this diversity is critical to delivering for our clients in a rapidly changing world."

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