Get with the social justice, or else, says Larry “John Stewart Mill” Fink:
“Society is demanding that companies, both public and private, serve a social purpose,” Fink wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”
Fink said BlackRock would ramp up its investor-stewardship initiative, started in 2011 to favor engaging with companies and their management over proxy voting. The stewardship team will double in size over the next three years under the new leadership of Barbara Novick, a vice chairman who helped found BlackRock, Fink said.
He posed some questions; so I, as CEO of perrinlovett.me (one of them there private companies), answer with:
What role do we play in the community?
My blog (mine, not BlackRock’s) is a town crier for the West and for cigar awareness.
How are we managing our impact on the environment?
In general, I’m not. However, as a digital service, I try to harm no trees. And I have that offer to adopt or foster the first polar bear I meet as it flees the
global warming climate change new ice age…
Are we working to create a diverse workforce?
No. Just trying to save some corner of civilization from it.
Are we adapting to technological change?
Actually thinking of reverting to a manual typewriter. Might need the polar bear’s input first. Can they talk?
Are we providing the retraining and opportunities that our employees and our business will need to adjust to an increasingly automated world?
I see your man-hating, child-maiming robots and AI. Bring ’em.
Are we using behavioral finance and other tools to prepare workers for retirement, so that they invest in a way that that will help them achieve their goals?
What, in the Name of God, is “behavioral finance?” Sounds like command and control communism to me. The bear will hate it.
I doubt these guys can even read, let alone type.
Mind your own business, Bub.