The Goat Pen

hedge wrote: ↑Fri Jul 22, 2022 8:08 am Josh Hawley is the classic little student government dweeb from high school. Loser punk goodie-goodie who can't succeed in the real world, so he goes into politics to be somebody. He's the type of guy who you didn't even want to beat up b/c he was such a pussy you didn't even notice him at all, ever. But I'd certainly love to curb-stomp him now, just for fun...

eCat wrote: ↑Fri Jul 22, 2022 11:41 am BlackRock, an investment adviser that primarily markets and manages index funds to millions of passive investors around the globe, has become a leading shareholder activist. Based on the extremely large amount of assets it has under management ($7.3 trillion), its importance as a shareholder activist cannot be overstated. BlackRock’s shareholder activism is reflected in its rhetoric disclosing the objectives of its activism, shareholder voting, and engagement (direct or indirect communication) with portfolio companies.

In BlackRock CEO Larry Fink’s 2019 letter to CEOs, he explained that BlackRock’s shareholder activism was primarily a way to market its investment products to millennials, a group that it believes sees the primary objective of business as the improvement of society rather than the generation of profits.

In Fink’s 2020 letter to CEOs and in a companion letter to clients, he announced how BlackRock will implement its millennial marketing strategy. First, BlackRock will dictate what a public company’s stakeholder relationships should be by requiring its portfolio companies (virtually every public company) to disclose data on “how each company serves its full set of stakeholders.” Moreover, noncompliance is not acceptable. According to Fink, “we will be increasingly disposed to vote against management and board directors when companies are not making sufficient progress on sustainability-related disclosures and the business practices and plans underlying them.” Second, he announced the launch of a large number of new ESG funds and a refocusing of shareholder engagement to put a greater emphasis on stakeholders who are affected by climate change and gender equality.

In order for BlackRock to attract millennial investors, its shareholder activism must focus on “improving society” for various stakeholders and not just “generating profit” for its shareholders. This commingling of strategies can be understood as implementing a voting and engagement approach that is at least partially targeting non-pecuniary objectives. That is, this activism is not being done for the exclusive purpose of providing financial benefits to plan participants and beneficiaries.

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On the back of tremendous success, becoming the first firm to hit $10 trillion under management (in Q4 2021), BlackRock has revealed outrageous losses for the first six months of 2022.

BlackRock reported that its assets under management have fallen 11% in 2022. According to the asset management firm, it has lost $1.7 trillion and now manages $8.49 trillion.

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their attempts to attract younger asset investors by going woke and diving into crypto has bit their ass.

innocentbystander wrote: ↑Fri Jul 22, 2022 11:56 am

hedge wrote: ↑Fri Jul 22, 2022 8:08 am Josh Hawley is the classic little student government dweeb from high school. Loser punk goodie-goodie who can't succeed in the real world, so he goes into politics to be somebody. He's the type of guy who you didn't even want to beat up b/c he was such a pussy you didn't even notice him at all, ever. But I'd certainly love to curb-stomp him now, just for fun...

Probably true. But his heart and his mind are in the right place for federal politics. He sees the big picture hedge. So many of our Senators nowadays, do NOT.

Here is Hawley asking a law professor if men can get pregnant. This law professor, she melts down. She can't handle what is (to you and I,) a complete and total no-brainer for a question. She almost has to find some "safe space" for him putting her on the spot like this.



All I see are thousands of parents who would have been happy to spend big dollars to send their children to Berkley Law School and now, they are rightfully having second thoughts, because they fully understand what kind of educators they would be paying to educate their children. This type of inquiry, as citizens hedge, this is the kind of behavior that we should not only expect of our Senators, but demand of them.

DooKSucks wrote: ↑Fri Jul 22, 2022 1:15 pm

innocentbystander wrote: ↑Fri Jul 22, 2022 11:56 am

hedge wrote: ↑Fri Jul 22, 2022 8:08 am Josh Hawley is the classic little student government dweeb from high school. Loser punk goodie-goodie who can't succeed in the real world, so he goes into politics to be somebody. He's the type of guy who you didn't even want to beat up b/c he was such a pussy you didn't even notice him at all, ever. But I'd certainly love to curb-stomp him now, just for fun...

Probably true. But his heart and his mind are in the right place for federal politics. He sees the big picture hedge. So many of our Senators nowadays, do NOT.

Here is Hawley asking a law professor if men can get pregnant. This law professor, she melts down. She can't handle what is (to you and I,) a complete and total no-brainer for a question. She almost has to find some "safe space" for him putting her on the spot like this.



All I see are thousands of parents who would have been happy to spend big dollars to send their children to Berkley Law School and now, they are rightfully having second thoughts, because they fully understand what kind of educators they would be paying to educate their children. This type of inquiry, as citizens hedge, this is the kind of behavior that we should not only expect of our Senators, but demand of them.

You are a mindless lemming.