Bridger PenningtonFund Launch & Investment Expert

What Larry Fink Control Of | Bridger Pennington

23 Jan 2024 · 1 min

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In this monologue, the speaker asserts that Larry Fink, as CEO of BlackRock, wields extraordinary influence over Fortune 500 companies by holding sizable equity stakes—e.g., 11% of Apple and 8% of Microsoft. Because BlackRock is often a majority shareholder, Fink can pressure CEOs to adopt specific agendas, threatening to withdraw BlackRock’s investment and depress stock prices if they refuse. The speaker frames this power dynamic as potentially dystopian, highlighting how a single individual’s control can shape corporate behavior across the United States.

Chapters

This guy Larry Fink controls 88% of CEOs on the Fortune 500 public companies. Now Larry Fink is the CEO of BlackRock and they're one of the majority shareholders of these companies. So what Larry Fink can do is push certain agendas or things that he wants to push in these CEOs and if they don't do it or don't comply or don't follow, he's gonna say, well, BlackRock is just gonna pull out our stake in your company. We own 11% of Apple, we own 8% of Microsoft. And we're gonna pull out our stake and tank your stock unless you comply with these certain rules. 'Cause the job of a CEO is to return shareholder value. Larry Fink is essentially the largest shareholder, so he has the most weight when talking to these CEOs, which you can go down the rabbit hole, can be kinda scary and dystopian in a lot of ways, and also just shows you who kinda controls what is going on in the United States.