Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (62919)	6/16/2022 10:02:00 AM
From: jpdunwell	Read Replies (2) \| Respond to of 97558

But BLK is not a political activist company. I understand what you're saying here, but did you catch this from one of the articles I linked? "The firm is already well-known in the corridors of power and has hired former senior government and regulatory officials over the years. The Biden administration tapped BlackRock executives for high-level roles in the White House and Treasury Department. When Covid-19 upended markets, the Federal Reserve sought out BlackRock to help manage the response." This is the kind of thing I was talking about with political favors impacting business strategy and overall bottom line. And again, whether or not you believe the real reason for the BoD ousting was due to ESG policies or pure financial analysis, the reality is that the message they sent to execs and BoD members of these companies was that you better consider ESG in your investment decision-making process, or you're leaving yourself vulnerable to being out on your ass. I agree that we're actually saying some of the same things.