BlackRock CEO Melts Down as Profits Plummet over Woke ESG Agenda

BlackRock CEO Larry Fink suffered a meltdown during an earnings call over the company losing billions of dollars in contracts due to the international asset manager’s woke “environmental, social, and governance” (ESG) agenda.

A recording from the call has emerged online and revealed Fink imploded while raging over the Texas Board of Education canceling $8.5 billion in contracts with BlackRock.

As Slay News reported, Texas joined several states in blocking their funds from going to BlackRock due to the company’s ESG agenda.

During the call, Fink lost his cool as he complained about “lies” and “misinformation” regarding BlackRock’s agenda.

“We have done a better job now of telling our story so that people can make decisions based on facts, not on lies and not on misinformation or politicization by others,” Fink said during a first-quarter earnings call.

“Unfortunately, there’s still others out there…who continuously lie about these issues,” he added.

LISTEN:

Texas State Board of Education Chairman Aaron Kinsey severed ties between BlackRock and the Texas Permanent School Fund last month.

The move sought to punish the company for allegedly “boycotting” oil and gas as part of its ESG initiative.

Fink, a board member at the World Economic Forum (WEF), has denied the allegation, however.

In a statement last month, Kinsey said:

“BlackRock’s dominant and persistent leadership in the ESG movement immeasurably damages our state’s oil & gas economy.

Slay the latest News for free!

We don’t spam! Read our privacy policy for more info.

“BlackRock’s destructive approach toward the energy companies that this state and our world depend on is incompatible with our fiduciary duty to Texans,” he added.

Meanwhile, Fink claims that BlackRock “has never supported divesting from traditional energy firms.”

He argues that BlackRock currently has $300 billion invested in such companies.

According to Yahoo Finance data, BlackRock’s stock is down overall in 2024 amid a growing backlash over its woke agenda.

Meanwhile, the S&P 500 has risen around 8% in recent months.

READ MORE – BlackRock Chief Warns WEF Elites Trump’s Re-Election Poses ‘Fundamental’ Threat to Europe

SHARE:
Advertise with Slay News
join telegram

READERS' POLL

Who is the best president?

By completing this poll, you gain access to our free newsletter. Unsubscribe at any time.

By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

Subscribe
Notify of
7
0
Would love your thoughts, please comment.x
()
x