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On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
Lilac trailer park clown
  05/06/21
Larry Fink is a piece of shit
Aromatic Brilliant Area Boiling Water
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
hateful crusty gunner
  05/06/21
...
angry laser beams theatre
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Genius Bear on the loose in Japan
  05/06/21
...
White Idiotic Orchestra Pit Doctorate
  06/18/22
...
lavender space idiot
  06/02/23
...
aryan chad
  10/28/26
hmmmmmmmmmmmmmmmmmmmmm
Refunkulus
  10/28/26
...
Lilac trailer park clown
  05/06/21
glad this is finally getting mainstream attention
Opaque glittery cuckoldry
  05/06/21
...
pale misanthropic party of the first part patrolman
  05/06/21
...
Green Marvelous Coffee Pot Range
  05/06/21
yea we need some new laws on this shit, pronto
Bat-shit-crazy sexy blood rage
  05/06/21
when will we stop calling them “liberals?” th...
jade kitchen boistinker
  05/06/21
I’ve been calling them “the Left” for a de...
pale misanthropic party of the first part patrolman
  05/06/21
more or less same here, but WSJ still calling them liberals ...
jade kitchen boistinker
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
Green Marvelous Coffee Pot Range
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
Zippy floppy sweet tailpipe chapel
  06/02/23
...
lavender space idiot
  06/02/23
...
Peach Church
  06/02/23
Yes, Blackrock is actively trying to advance a Leninist-styl...
unholy cruel-hearted masturbator
  03/25/25
No SEC no-action letter could save them?
Emerald out-of-control hunting ground theater
  05/06/21
...
Lilac trailer park clown
  05/06/21
They know exactly what they’re doing and their alums j...
heady cheese-eating site
  05/06/21
...
Lilac trailer park clown
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
Emerald out-of-control hunting ground theater
  05/07/21
Dude, literally every public corporation now spends 30% of t...
Aromatic Brilliant Area Boiling Water
  05/07/21
...
richard clock
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
heady cheese-eating site
  05/07/21
...
angry laser beams theatre
  11/07/21
...
Disturbing Hospital
  11/07/21
...
chartreuse filthpig deer antler
  11/07/21
...
Lilac trailer park clown
  05/28/21
Lol at thinking “the law” is going to fix this ...
Genius Bear on the loose in Japan
  05/28/21
...
White Idiotic Orchestra Pit Doctorate
  06/18/22
...
Lilac trailer park clown
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
maniacal native
  07/17/21
...
Lilac trailer park clown
  11/07/21
...
Lilac trailer park clown
  03/30/22
They're actually making a move to change this and let invest...
Lilac trailer park clown
  06/18/22
...
hateful crusty gunner
  06/18/22
...
Lilac trailer park clown
  09/30/22
...
Lilac trailer park clown
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
180 domesticated den factory reset button
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
Lilac trailer park clown
  06/05/23
instead of whining about this shit, why not have conservativ...
boyish station mexican
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
disrespectful histrionic abode legal warrant
  06/02/23
Wonder to what extent the companies affected do not affect B...
hairraiser internet-worthy goal in life
  06/02/23
...
Lilac trailer park clown
  12/26/23
...
Lilac trailer park clown
  03/25/25
...
Refunkulus
  10/28/26


Poast new message in this thread



Reply

Date: May 6th, 2021 11:29 AM
Author: Lilac trailer park clown

https://www.wsj.com/articles/blackrock-at-odds-with-warren-buffetts-berkshire-hathaway-over-disclosures-11620306010

Blackrock has been pushing for Diversity and Climate change initiatives through shareholder proposals. However Blackrock, through iShares and other ETF/Index products, does not in fact own any of the shares that they vote, as these shares are owned by clients of the firm that own products produced by Blackrock. Yet they vote the shares and thus exert a significant amount of control and determination over publicly traded companies that do not have a majority shareholder (meaning a huge amount of the publicly traded businesses out there)

Berkshire Hathaway was able to fend off Blackrock, but many companies were not and have not been able to and will eventually succumb or be subsumed to the whims of these unelected controllers in a distant office far, far away from the headquarters and communities that are affected by these shareholder votes and proposals.

This behavior also goes on with state run California Pension Funds (CALPERS and CALSTRS) as well as endowment funds of elite universities such as Harvard, Yale and Stanford.

This behavior has created an unelected (by shareholder laws) shadow superstructure of political ideology in the private sphere, which ultimately leaks out into and influences social behavior (advertising, products, media type and of course campaign contributions to politicians, foundations and causes) which inevitably impacts the way our government is run.

This is one of the purest most essential perversions of the capitalistic structure of society as it produces disintermediation between ownership and voting capability, creating aggregated power in the hands of few individuals who through undemocratic means, control the fate of an enormous amount of our nations productive capacity and capital. Worse still; this behavior is also difficult to curtail given the substantial protections afforded by the United States to the private sector. If explained using a biological framework, this behavior is cancerous.

As a result of this disintermediation, Blackrock and ideologically influenced entities like it (Pension Funds, Endowment funds of universities) wields a disproportionate power relative to actual economic ownership and has been aggressively using their power to push for increasingly liberal policies across the corporate landscape.

This type of behavior is extremely pernicious and, over the long term, represents the merger between identity politics and High Finance/Wall Street - much in the same manner that Wall Street manages large university endowments, which then collaborate to use their tax advantages money (a huge advantage for investors) to consolidate power and influence the course of this nation.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411914)



Reply

Date: May 6th, 2021 11:34 AM
Author: Aromatic Brilliant Area Boiling Water

Larry Fink is a piece of shit

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411931)



Reply

Date: May 6th, 2021 2:48 PM
Author: hateful crusty gunner

Also just dumb. He is the dumbest most useless piece of shit on Wall Street, and he stumbled into a position of corporate governance czar.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413035)



Reply

Date: November 7th, 2021 10:31 AM
Author: angry laser beams theatre



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400813)



Reply

Date: May 6th, 2021 11:43 AM
Author: Genius Bear on the loose in Japan

shalom, fellow progressive financier oligarchs! anyone else here really concerned with and earnest about "social justice" that seems suspiciously like ethnic warfare against the native population?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411990)



Reply

Date: June 18th, 2022 2:01 PM
Author: White Idiotic Orchestra Pit Doctorate



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704556)



Reply

Date: June 2nd, 2023 11:10 AM
Author: lavender space idiot



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382744)



Reply

Date: October 28th, 2026 7:24 PM
Author: aryan chad



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210702)



Reply

Date: October 28th, 2026 7:25 PM
Author: Refunkulus (I Always Post Always TP)

hmmmmmmmmmmmmmmmmmmmmm

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210705)



Reply

Date: May 6th, 2021 2:43 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413003)



Reply

Date: May 6th, 2021 2:45 PM
Author: Opaque glittery cuckoldry

glad this is finally getting mainstream attention

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413014)



Reply

Date: May 6th, 2021 2:46 PM
Author: pale misanthropic party of the first part patrolman



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413026)



Reply

Date: May 6th, 2021 3:00 PM
Author: Green Marvelous Coffee Pot Range



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413106)



Reply

Date: May 6th, 2021 2:45 PM
Author: Bat-shit-crazy sexy blood rage

yea we need some new laws on this shit, pronto

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413016)



Reply

Date: May 6th, 2021 2:46 PM
Author: jade kitchen boistinker

when will we stop calling them “liberals?”

these are not liberal policies they are left wing / Leninist ones

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413023)



Reply

Date: May 6th, 2021 2:50 PM
Author: pale misanthropic party of the first part patrolman

I’ve been calling them “the Left” for a decade for this reason

“US” “liberals” have very little to do with real classical liberals, they stole the word “liberal” decades ago as cover for illiberal left wing positions = skin suit

it’s why actual classical liberals had to make up the word “libertarian” because the Left stole the word “liberal” (although libertarians later also went a bit kooky)

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413049)



Reply

Date: May 6th, 2021 3:15 PM
Author: jade kitchen boistinker

more or less same here, but WSJ still calling them liberals like it’s 2003 or something

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413182)



Reply

Date: June 2nd, 2023 11:51 AM
Author: Green Marvelous Coffee Pot Range

Liberalism and Libertarianism remain the same at their heart. Totalitarian ideology that thinks it has the answer for everything and believes that utopia will be achieved if it’s Vision to transform society is implemented quickly.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382885)



Reply

Date: June 2nd, 2023 11:16 AM
Author: Zippy floppy sweet tailpipe chapel

Solzhenitsyn: "You must understand, the leading Bolsheviks who took over Russia were not Russians. They hated Russians. They hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse. It cannot be overstated."

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382763)



Reply

Date: June 2nd, 2023 11:17 AM
Author: lavender space idiot



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382770)



Reply

Date: June 2nd, 2023 11:59 AM
Author: Peach Church



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382910)



Reply

Date: March 25th, 2025 12:29 PM
Author: unholy cruel-hearted masturbator

Yes, Blackrock is actively trying to advance a Leninist-style dictatorship of the proletariat and transfer the means of production to the workers. This is a very smart statement that someone with a clear understanding of actual Marxist theory would say.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780718)



Reply

Date: May 6th, 2021 2:51 PM
Author: Emerald out-of-control hunting ground theater

No SEC no-action letter could save them?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413055)



Reply

Date: May 6th, 2021 4:19 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413590)



Reply

Date: May 6th, 2021 4:29 PM
Author: heady cheese-eating site

They know exactly what they’re doing and their alums joined the Biden admin to run economic policy much the same way.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413676)



Reply

Date: May 7th, 2021 12:50 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419217)



Reply

Date: May 7th, 2021 1:55 PM
Author: Emerald out-of-control hunting ground theater

Its actually very hard to have a proxy fight. Most proxy fights like this are killed by way of SEC no-action letters. Maybe 1 in 5 proposals raised by a Blackrock end up making it onto a proxy. They have a horrible record of getting raped by the SEC the last few years. Of course, you dont want to piss off a Blackrock by going the no-action route so a lot of shit gets settled behind the scenes but you can read the no-action shit online if you feel like being bored to tears...

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419582)



Reply

Date: May 7th, 2021 2:12 PM
Author: Aromatic Brilliant Area Boiling Water

Dude, literally every public corporation now spends 30% of their time on carbon emissions and increasing their # of black employees because these ESG initiatives now DOMINATE

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419708)



Reply
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Date: May 7th, 2021 2:16 PM
Author: richard clock



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419741)



Reply

Date: May 7th, 2021 3:48 PM
Author: heady cheese-eating site

ESG and DEI are catnip for soft thinkers who don’t really know how to add value.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42420362)



Reply

Date: November 7th, 2021 10:32 AM
Author: angry laser beams theatre



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400817)



Reply

Date: November 7th, 2021 10:38 AM
Author: Disturbing Hospital



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400847)



Reply

Date: November 7th, 2021 12:03 PM
Author: chartreuse filthpig deer antler



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43401211)



Reply

Date: May 28th, 2021 12:30 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535481)



Reply

Date: May 28th, 2021 12:31 PM
Author: Genius Bear on the loose in Japan

Lol at thinking “the law” is going to fix this

We just have to kill these people. In real life, not in Minecraft

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535490)



Reply

Date: June 18th, 2022 2:01 PM
Author: White Idiotic Orchestra Pit Doctorate



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704561)



Reply

Date: July 17th, 2021 2:37 AM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795893)



Reply

Date: July 17th, 2021 2:39 AM
Author: maniacal native

lmao at these frauds pushing all this bullshit woke ESG garbage instead of voting on behalf of investors to maximize profits

fuck this gay earth

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795904)



Reply

Date: November 7th, 2021 10:26 AM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400789)



Reply

Date: March 30th, 2022 7:48 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44248853)



Reply

Date: June 18th, 2022 12:21 PM
Author: Lilac trailer park clown

They're actually making a move to change this and let investors vote the shares on a pass through basis now. Crazy.

Not enough but a good step in the right direction.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704145)



Reply

Date: June 18th, 2022 2:16 PM
Author: hateful crusty gunner



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704613)



Reply

Date: September 30th, 2022 4:48 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#45258425)



Reply

Date: June 2nd, 2023 10:42 AM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382647)



Reply

Date: June 2nd, 2023 12:02 PM
Author: 180 domesticated den factory reset button

That's not even true. The ETF itself owns the shares it votes. Blackrock's customers don't own the shares.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382925)



Reply

Date: June 5th, 2023 1:28 PM
Author: Lilac trailer park clown

This is sophistry, whatever vehicle it is, it disinter-mediates ownership and control of an entity. It’s basically like ballot harvesting on a massive scale and completely ignored by the population.

Shareholders already have a terrible track record of exercising the rights of their ownership, this has just made it worse by an order of magnitude.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46391821)



Reply

Date: June 2nd, 2023 12:49 PM
Author: boyish station mexican

instead of whining about this shit, why not have conservative organizations also pool their capital and battle it out with their own ETFs voting for conservative causes? nobody's stopping them from doing that.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383099)



Reply

Date: June 2nd, 2023 1:12 PM
Author: disrespectful histrionic abode legal warrant

karen, please wash your pussy.

it smells like casu marzu.

gross.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383164)



Reply

Date: June 2nd, 2023 7:19 PM
Author: hairraiser internet-worthy goal in life

Wonder to what extent the companies affected do not affect Blackrock profits due to Blackrock owning the competition?

As in when Budweiser sales go down, competition sales go up.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46384425)



Reply

Date: December 26th, 2023 7:05 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#47216208)



Reply

Date: March 25th, 2025 12:25 PM
Author: Lilac trailer park clown



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780709)



Reply

Date: October 28th, 2026 7:23 PM
Author: Refunkulus (I Always Post Always TP)



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210700)