Black Rock CEO talk about ‘forcing behaviors’ may explain why ‘woke’ runs amok today
June 5, 2023 | Tom TillisonVideo of BlackRock CEO Larry Fink speaking at Deal Book 2017 resurfaced over the weekend and may help explain why woke runs amok in the year 2023.
In the clip, the discussion is on more diversity at the top of corporations in America and Fink stressed that this is an investment criteria for the world’s largest asset manager — keep in mind that 19 Attorneys General singled out BlackRock in 20222 for their Environmental, Social, and Governance (ESG) activism, as noted by Independent Women’s Forum.
In effect, the CEO said the desired behavior of placing diversity ahead of competence must be “forced” on companies.
“Behaviors are gonna have to change,” Fink insisted. “And this is one thing we’re asking companies — you have to force behaviors, and at BlackRock, we are forcing behaviors. Fifty-four percent of the incoming class are women, we added four more points in terms of diverse employment this year and… what we were doing internally is if you don’t achieve these levels of impact your compensation could be impacted okay.”
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https://www.bizpacreview.com/2023/06/05/black-rock-ceo-talk-about-forcing-behaviors-may-explain-why-woke-runs-amok-today-1365298/
