Surely I am sorry for innocent bystanders. But that does not make me root for Blackrock. THAT would be asocial.
That's fair. Sadly, brokers and fin. institutions do not warn clients of what I call the intangibles of these large Fund Managers.
In a corporation, at least there is a democratic process of a relatively large board, 12-25 typically who vote for what is best for the company. Not woke causes. These large fund managers are ran by 1-5 usually like minded folks who can let the politics seep into the equation. If you are invested in 50 different companies in a particuar mutual fund, your stake in the overall direction in the company's health is much less.
Then, as you grow out of control, you then weld every "don't give a damn" investor's share for annual company vote. New board members, policies, etc. And like in the case of Fink and Blackrock they have welded that power like no one else. In fact Blackrock and a few other power players are doing more damage forcinig GND shit down our throats than Thunburg, Gore, Kerry, and PIRG all combined. All via corporate blackmail.
I wish there was a way that local brokers and analyst would and should become more knowledgeable of fund manager's intent, and share that with clients. But that is a tall order, and really no practical way to implement.