David K. Lifschultz: New Forms of [Wall Street] Treason?

Letter

Max Keiser does not really understand what the monetary expansion has to cover.

Central banks are transferring wealth from the average person to the likes of Bill Gates and Jeff Bezos – RT’s Keiser Report

You have according to the BIS 600 trillion in derivatives against a 81 trillion dollar world GDP or a multiple of 7. The BIS coordinates only the banks so this figure does not include insurance company derivatives or others in private industry unless a bank is connected to the transaction so it is grossly understated.  Some Swiss bankers tell me it is more like 1.2 quadrillion and others up to 2.5 quadrillion. 1.2 quadrillion gives you a multiple on the world GDP of 14 and 2.5 quadrillion a multiple of 30.

Continue reading “David K. Lifschultz: New Forms of [Wall Street] Treason?”

Article: BlackRock CEO Larry Fink sells 5% of stake, raising $24m

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BlackRock CEO Larry Fink sells 5% of stake, raising $24m

NICOLE PIPER, 27 July 2020

Larry Fink, chief executive of BlackRock, sold $24.2m of stock in the company earlier this week. According to Bloomberg, Fink sold 41,706 shares at an average price of $580.29 on July 21, shedding about 5% of his stake in the world’s largest asset manager. The latest sale means that Fink has raised $74.4m from selling BlackRock stock this year. He still owns $457m in BlackRock stock. Continue reading “Article: BlackRock CEO Larry Fink sells 5% of stake, raising $24m”

Article: BlackRock CEO Sold $24 Million of Stock as Insider Sales Up

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BlackRock CEO Sold $24 Million of Stock as Insider Sales Up

Donald Moore, 23 July 2020

BlackRock Inc. Chief Executive Officer Larry Fink sold $24.2 million of stock in the world’s largest asset manager, bringing his sales this year to $74.4 million. What’s moving markets
Start your day with the 5 Things newsletter. Fink disposed of 41,706 shares — about 5% of his stake in the business — at an average price of $580.29 on July 21, according to a regulatory filing. The filings didn’t indicate that his sales this year were made under a pre-scheduled trading plan. Continue reading “Article: BlackRock CEO Sold $24 Million of Stock as Insider Sales Up”

Subject: Laurence D. Fink

Subject of Interest

Laurence D. Fink serves on the Board of Directors at BlackRock, Inc. He is the Chairman and and Chief Executive Officer. He also leads the firm’s Global Executive Committee. Mr. Fink co-founded BlackRock in 1988. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under his management. In April 2018, Fink’s net worth was $1 billion. He graduated from the University of California, Los Angeles (BA, MBA).

Biography

Black Rock, Inc 

Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

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Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

Rachel Koning Beals, 18 March 2020

Fund giant BlackRock has released its stewardship playbook, a rough plan that furthers the industry-rattling pledge for sustainability from its leader Larry Fink earlier this year. Continue reading “Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom”

Article: Investors are asking the wrong questions about sustainability

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Investors are asking the wrong questions about sustainability

Carol A Adams, 30 January 2020

When it comes to hitting the 2030 targets underpinning the UN’s 17 Sustainable Development Goals, considering risk alone will not cut it. Larry Fink’s recent emphasis on climate change risks and divesting in coal is significant, albeit a few decades late, but what about opportunities? And what about other sustainable development issues that threaten to bring businesses down? Continue reading “Article: Investors are asking the wrong questions about sustainability”

Article: The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility

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The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility

Mark R. Kramer, 31 January 2019

Larry Fink, CEO of BlackRock, the world’s largest investor with $6 trillion under management, evoked heated controversy with his remarks last week that his company would change its hiring and potentially its compensation structure to advance diversity and ensure that five years from now the company is not just “a bunch of white men.” This follows on the heels of his annual letter to CEOs asserting that companies need to embrace a purpose beyond just profit maximization. Continue reading “Article: The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility”

Article: BlackRock CEO Larry Fink Tells Corporate CEOs to Engage in Better Eyewash

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BlackRock CEO Larry Fink Tells Corporate CEOs to Engage in Better Eyewash

Yves Smith, 21 January 2019

One of the sorry spectacles of modern life is having prominent individuals who profit from and serve as prime exemplars of major social ills trying to depict themselves as part of the solution, when they haven’t gone through any sort of Damascene conversion o give their virtue-signalling even a thin veneer of legitimacy. Today’s object lesson is Larry Fink, the Chairman and CEO of the ginormous fund manager BlackRock (not to be confused with the private equity/alternative asset manager Blackstone). BlackRock, with $6.2 trillion under management as of October, 2018, is the largest asset manager in the world,. Continue reading “Article: BlackRock CEO Larry Fink Tells Corporate CEOs to Engage in Better Eyewash”

Article: The Fake Larry Fink Letter That Duped Reporters

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The Fake Larry Fink Letter
That Duped Reporters

Alicia McElhaney, 16 January 2019

Asset management giant BlackRock is investigating a fake letter sent to reporters by someone posing as the firm’s chief executive officer Larry Fink, a spokesperson said Wednesday. “Don’t be fooled by imitations…Larry’s real CEO letter coming soon,” BlackRock tweeted Wednesday. The Financial Times was duped by the letter, which focused on climate change, a report from the news outlet said Wednesday. Continue reading “Article: The Fake Larry Fink Letter That Duped Reporters”

Article: BlackRock CEO Larry Fink earns recognition as a climate fraud

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BlackRock CEO Larry Fink earns recognition as a climate fraud

Friends of the Earth International, 31 October 2018

NEW YORK– In recognition for his outstanding contribution to climate change, the activist group Friends of the Earth U.S. today presented BlackRock CEO Larry Fink with a “climate fraud” award. BlackRock holds more stock in companies contributing to climate change than any other company in the world. Continue reading “Article: BlackRock CEO Larry Fink earns recognition as a climate fraud”

Article: BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.

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BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.

Derek Seidman, 18 January 2018

Larry D. Fink may be the most powerful investor in the world. As founder and CEO of BlackRock, he oversees the investment of around $6 trillion – yes, trillion – in funds. When Fink talks, companies listen. Now Fink appears to be trying to wield BlackRock’s influence for good. In a letter he drafted that he’s sending to CEOs, Fink writes:

“Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Continue reading “Article: BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.”

Article: LARRY FINK’S $12 TRILLION SHADOW

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LARRY FINK’S $12 TRILLION SHADOW

SUZANNA ANDREWS, 02 March 2010

Though few Americans know his name, Larry Fink may be the most powerful man in the post-bailout economy. His giant BlackRock money-management firm controls or monitors more than $12 trillion worldwide—including the balance sheets of Fannie Mae and Freddie Mac, and the toxic A.I.G. and Bear Stearns assets taken over by the U.S. government last year. How did Fink rebound from a humiliating failure to become the financial fulcrum of Washington and Wall Street? Through a series of interviews, the author probes his role in the crisis, his unique risk-assessment system, and the growing concern he inspires. Continue reading “Article: LARRY FINK’S $12 TRILLION SHADOW”