Texas Lawmakers Subpoena BlackRock Over 'Woke' Investment Strategy
By Michael Katz
| Wednesday, 07 December 2022
07:48 PM EST
https://www.newsmax.com/newsfront/texas-senate-subpoena/2022/12/07/id/1099579/
Texas lawmakers are demanding investment behemoth BlackRock Inc. provide
documents regarding its environmental, social and corporate governance policy.
The Texas Senate Committee on State Affairs issued
the subpoena last
month to BlackRock, the world's largest asset manager. The company caused a stir
when it revealed in its annual letter to
shareholders from CEO Larry
Fink that it wants to invest some
of its $8.5 trillion in managed assets into ESG principles and encouraged
companies to think about the risks of climate change.
BlackRock's ESG policy is called "woke
capitalism" by many Republican critics, and Florida Gov. Ron
DeSantis has been pushing back on corporations he perceives have a "woke"
ideology. On Dec. 1, Florida divested $2 billion worth of assets managed by
BlackRock, mirroring moves done by Louisiana and Missouri in October that
totaled nearly $1.3 billion.
The Texas Senate committee wants BlackRock to respond in
time for a scheduled hearing Dec. 15 at the statehouse in Austin. The subpoena
listed six high-ranking company executives, including Fink, and requested at
least one attend the hearing to answer questions.
"The committee needs these documents to uncover the
extent to which these firms have been playing politics using Texans'
hard-earned money," said state Sen. Bryan Hughes, R-Mineola, the
committee's chair, according to The Washington Times.
"We will not allow these firms to continue to use Texans' money to force a
narrow political agenda. They have a legal duty to put their investors'
interests first, and we intend to make sure they do."
A BlackRock spokesperson told DailyMail.com:
"We look forward to continuing our engagement with the Committee to share
BlackRock's work on behalf of millions of investors."
Robin Hood donors raise
$60 million at annual gala
PUBLISHED TUE, MAY 13 20146:31 PM EDTUPDATED TUE, MAY 13
20146:45 PM EDT
https://www.cnbc.com/2014/05/13/robin-hood-donors-raise-60-million-at-annual-gala.html
Among those in attendance at the event included Appaloosa
Management Founder and President David Tepper, who sits on
the Robin Hood Foundation board, as well as Pershing Square’s Bill Ackman and BlackRock Chairman and CEO Laurence Fink.
But they were just among about 4,000 guests at the event, which is held at the
Jacob Javits Center in New York. The venue allows the event to draw more than
twice the capacity of the largest hotel ballrooms in New York.
Connecting the Dots:
Laurence D. Fink is the
Chairman & CEO for Blackrock, Inc. and a director at
the Robin Hood Foundation.
Foundation to Promote Open Society was
a funder for the Robin Hood Foundation.
George Soros was
the chairman for the Foundation to Promote Open Society and is the
founder of the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Resources: Past
Research
Spelman College
Suspends Bill Cosby Professorship (Past Research on
Larry Fink)
THURSDAY, DECEMBER 18, 2014
https://thesteadydrip.blogspot.com/2014/12/spelman-college-suspends-bill-cosby.html
Survivors of Aurora
Theater Massacre Ordered to Pay Cinemark $700K After Failed Lawsuit (Past Research on Blackrock & the Soros Fund
Management)
SATURDAY, SEPTEMBER 3, 2016
No comments:
Post a Comment