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On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
Boyish nowag
  05/06/21
Larry Fink is a piece of shit
harsh at-the-ready plaza persian
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
Ebony thriller stead
  05/06/21
...
Indigo Internet-worthy Twinkling Uncleanness Home
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Genius Bear on the loose in Japan
  05/06/21
...
bistre razzmatazz pit personal credit line
  06/18/22
...
Cobalt multi-colored garrison
  06/02/23
...
aryan chad
  10/28/26
hmmmmmmmmmmmmmmmmmmmmm
Refunkulus
  10/28/26
...
Boyish nowag
  05/06/21
glad this is finally getting mainstream attention
Zippy locale
  05/06/21
...
racy mood
  05/06/21
...
Chest-beating Adventurous Mad Cow Disease
  05/06/21
yea we need some new laws on this shit, pronto
charismatic fear-inspiring dopamine generalized bond
  05/06/21
when will we stop calling them “liberals?” th...
Yellow Bbw
  05/06/21
I’ve been calling them “the Left” for a de...
racy mood
  05/06/21
more or less same here, but WSJ still calling them liberals ...
Yellow Bbw
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
Chest-beating Adventurous Mad Cow Disease
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
red awkward state jew
  06/02/23
...
Cobalt multi-colored garrison
  06/02/23
...
high-end slimy institution fat ankles
  06/02/23
Yes, Blackrock is actively trying to advance a Leninist-styl...
offensive electric haunted graveyard boiling water
  03/25/25
No SEC no-action letter could save them?
180 pale crackhouse
  05/06/21
...
Boyish nowag
  05/06/21
They know exactly what they’re doing and their alums j...
Crusty aphrodisiac stag film
  05/06/21
...
Boyish nowag
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
180 pale crackhouse
  05/07/21
Dude, literally every public corporation now spends 30% of t...
harsh at-the-ready plaza persian
  05/07/21
...
richard clock
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
Crusty aphrodisiac stag film
  05/07/21
...
Indigo Internet-worthy Twinkling Uncleanness Home
  11/07/21
...
Elite translucent alpha
  11/07/21
...
Diverse roommate
  11/07/21
...
Boyish nowag
  05/28/21
Lol at thinking “the law” is going to fix this ...
Genius Bear on the loose in Japan
  05/28/21
...
bistre razzmatazz pit personal credit line
  06/18/22
...
Boyish nowag
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
odious friendly grandma
  07/17/21
...
Boyish nowag
  11/07/21
...
Boyish nowag
  03/30/22
They're actually making a move to change this and let invest...
Boyish nowag
  06/18/22
...
Ebony thriller stead
  06/18/22
...
Boyish nowag
  09/30/22
...
Boyish nowag
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
milky beady-eyed internal respiration principal's office
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
Boyish nowag
  06/05/23
instead of whining about this shit, why not have conservativ...
seedy comical parlor
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
Stimulating base
  06/02/23
Wonder to what extent the companies affected do not affect B...
smoky fragrant weed whacker bawdyhouse
  06/02/23
...
Boyish nowag
  12/26/23
...
Boyish nowag
  03/25/25
...
Refunkulus
  10/28/26


Poast new message in this thread



Reply

Date: May 6th, 2021 11:29 AM
Author: Boyish nowag

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: harsh at-the-ready plaza persian

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: Ebony thriller stead

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: Indigo Internet-worthy Twinkling Uncleanness Home



(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: bistre razzmatazz pit personal credit line



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



Reply

Date: June 2nd, 2023 11:10 AM
Author: Cobalt multi-colored garrison



(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: Boyish nowag



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



Reply

Date: May 6th, 2021 2:45 PM
Author: Zippy locale

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: racy mood



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



Reply

Date: May 6th, 2021 3:00 PM
Author: Chest-beating Adventurous Mad Cow Disease



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



Reply

Date: May 6th, 2021 2:45 PM
Author: charismatic fear-inspiring dopamine generalized bond

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: Yellow Bbw

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: racy mood

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: Yellow Bbw

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: Chest-beating Adventurous Mad Cow Disease

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: red awkward state jew

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: Cobalt multi-colored garrison



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



Reply

Date: June 2nd, 2023 11:59 AM
Author: high-end slimy institution fat ankles



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



Reply

Date: March 25th, 2025 12:29 PM
Author: offensive electric haunted graveyard boiling water

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: 180 pale crackhouse

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: Boyish nowag



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



Reply

Date: May 6th, 2021 4:29 PM
Author: Crusty aphrodisiac stag film

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: Boyish nowag



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



Reply

Date: May 7th, 2021 1:55 PM
Author: 180 pale crackhouse

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: harsh at-the-ready plaza persian

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: Crusty aphrodisiac stag film

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: Indigo Internet-worthy Twinkling Uncleanness Home



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



Reply

Date: November 7th, 2021 10:38 AM
Author: Elite translucent alpha



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



Reply

Date: November 7th, 2021 12:03 PM
Author: Diverse roommate



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



Reply

Date: May 28th, 2021 12:30 PM
Author: Boyish nowag



(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: bistre razzmatazz pit personal credit line



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



Reply

Date: July 17th, 2021 2:37 AM
Author: Boyish nowag



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



Reply

Date: July 17th, 2021 2:39 AM
Author: odious friendly grandma

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: Boyish nowag



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



Reply

Date: March 30th, 2022 7:48 PM
Author: Boyish nowag



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



Reply

Date: June 18th, 2022 12:21 PM
Author: Boyish nowag

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: Ebony thriller stead



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



Reply

Date: September 30th, 2022 4:48 PM
Author: Boyish nowag



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



Reply

Date: June 2nd, 2023 10:42 AM
Author: Boyish nowag



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



Reply

Date: June 2nd, 2023 12:02 PM
Author: milky beady-eyed internal respiration principal's office

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: Boyish nowag

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: seedy comical parlor

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: Stimulating base

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: smoky fragrant weed whacker bawdyhouse

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: Boyish nowag



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



Reply

Date: March 25th, 2025 12:25 PM
Author: Boyish nowag



(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)