{"id":61153,"date":"2022-01-18T07:32:58","date_gmt":"2022-01-18T07:32:58","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=61153"},"modified":"2022-01-18T07:32:58","modified_gmt":"2022-01-18T07:32:58","slug":"i-sincerely-hope-blackrock-is-woke-the-worlds-largest-fund-manager-had-better-be-aware-of-issues-relating-to-racial-gender-social-and-other-injustices-or-its-failing-us-all","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/01\/18\/i-sincerely-hope-blackrock-is-woke-the-worlds-largest-fund-manager-had-better-be-aware-of-issues-relating-to-racial-gender-social-and-other-injustices-or-its-failing-us-all\/","title":{"rendered":"I sincerely hope BlackRock is woke. The world’s largest fund manager had better be aware of issues relating to racial, gender, social and other injustices or its failing us all"},"content":{"rendered":"

The FT notes this morning<\/a> that:<\/p>\n

Investors that focus on the interests of wider society rather than pure profits are not \u201cwoke\u201d, BlackRock chief executive Larry Fink has said after stinging attacks from US conservatives. The head of the world\u2019s largest asset manager, which last week crossed the $10tn mark for the first time, used his annual corporate missive to chief executives to fight back against accusations that BlackRock was using its influence to push a progressive agenda.<\/p><\/blockquote>\n

I do hope Fink is wrong.\u00a0The Merriam Webster dictionary defines woke<\/a> as:<\/p>\n

aware of and actively attentive to important facts and issues (especially issues of racial and social justice)<\/p><\/blockquote>\n

If an investment manager is not aware of such issues they are not doing their job. I rather hope that BlackRock is very aware of issues relating to racial, gender and other forms of social justice and brings all its considerable influence to bear on such issues.<\/p>\n

If BlackRock is not woke it is failing all who invest in it, and the world at large.<\/p>\n

Larry Fink might need to be more careful if he is to keep major parts of the investment community in line with his company.<\/p>\n","protected":false},"excerpt":{"rendered":"

The FT notes this morning that: Investors that focus on the interests of wider society rather than pure profits are not \u201cwoke\u201d, BlackRock chief executive
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-61153","post","type-post","status-publish","format-standard","hentry","category-ethics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/61153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=61153"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/61153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=61153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=61153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=61153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}