BlackRock CEO Fink Warns N.Y. Could Lose Many Key Employers (Connecting the Dots: Larry Fink, BlackRock Inc., Bloomberg News, Bloomberg LP, The Soros Fund Management & Soros Funding, All Networking)
Newsmax.com
By Jim
Mishler | Tuesday, 08 April 2025 12:44 PM EDT
https://www.newsmax.com/us/taxes-economic-club-black-rock/2025/04/08/id/1206102/
The CEO
of behemoth BlackRock Inc.
said that
without notable deregulation of city laws, New York may lose many large
employers. Larry Fink
told the Economic Club of New York that the city's former luster is now notably
tarnished.
Bloomberg reported that Fink told club members, "The city is on the
verge of losing a lot of companies. I don't believe the city has the vitality
that it did before."
BlackRock
is headquartered in New York and is considered the world's
largest asset manager, with more than $11 trillion in managed
assets.
Fink
said during the interview at the Economic Club that New York's political
campaign contribution controls, known as "pay to
play," are at least partly responsible for some of the decline
in the city. The rules place strict controls on political campaign
contributions. Fink said that's an issue.
"In
New York, because we're so dominated by the financial services area, we are not
able to do anything related to helping shape the narrative of this city. This
is one of the reasons why I think the city has been so harmed."
Bloomberg reported an
example of Fink's concerns is major crime in the city. It cited a 32% increase
in felonies in New York compared to five years ago.
Fink
said New York is a lot different now than when he first arrived in the 1970s.
"I believed that my taxes were used to help build out the city. I don't
feel that way anymore."
Connecting
the Dots:
Bloomberg
News is
a division of Bloomberg LP.
Michael R.
Bloomberg is the founder of Bloomberg LP, Emma
Bloomberg’s father and was a donor for the Robin Hood
Foundation.
Emma Bloomberg is Michael
R. Bloomberg’s daughter and was the senior planning officer for 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.
Laurence D. Fink is a
director at the Robin Hood Foundation and the Chairman &
CEO for Blackrock, Inc.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Resources:
Past Research
Smaller
Bites – (Connecting the Dots: Larry Fink, Blackrock, Robin Hood Foundation
& Soros Fund Management, All Networking) (Past
Research on Larry Fink & Blackrock)
Thursday,
December 8, 2022
https://thesteadydrip.blogspot.com/2022/12/smaller-bites-connecting-dots-larry.html
Trump,
Paramount to Mediate '60 Minutes' Lawsuit: NYT (Connecting the Dots: Paramount,
Live Nation Entertainment, Inc., CBS News, 60 Minutes, Kamala Harris, Hunter
Biden, IAC/InterActiveCorp & Soros Funding, All Networking) (Past Research on the Robin Hood Foundation)
Monday,
April 7, 2025
https://thesteadydrip.blogspot.com/2025/04/trump-paramount-to-mediate-60-minutes.html
MSNBC
Closes 2014 In Last Place, Hemorrhaging Viewers (Past
Research on Bloomberg News)
Wednesday,
December 31, 2014
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