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BlackRock back in Texas, pride out everywhere, Zevra’s proxy battle, “reverse discrimination”, and Taser billions
Description
Story of the Week (DR):
The Baby Billionaire Bromance is Over: Savannah Guthrie Says Elon Musk and Donald Trump Are 'Giving 7th Grade Girl' as President Says Tesla CEO 'Has Lost His Mind'
"It's so confusing isn't it? So much going wrong, so much to say, and all of it happening so quickly. The pace of oppression outstrips our ability to understand it. And that is the real trick of the Imperial thought machine.”
BlackRock removed from Texas boycott list after quitting climate groups
In a notable reversal, Texas removed BlackRock from its investment blacklist
This decision followed BlackRock's withdrawal from several climate-focused initiatives, including the Net Zero Asset Managers alliance and Climate Action 100+
Texas Comptroller Glenn Hegar cited these actions, along with BlackRock's support for the new Texas Stock Exchange, as reasons for the delisting.
“More than $4 billion in Texas funds are invested with BlackRock,” the rep said.
The Larry Fink-led company had $11.55 trillion in assets under management at the end of the fourth quarter in 2024.
0.0346% Is that possible?
Larry Fink; $31M; $11M bonus: “These amounts represent the discretionary annual cash Bonuses … The amount of incentive compensation awarded … was based on subjective criteria”
“Lead in a changing world: Completed the creation of a more modern and unified Corporate Affairs function and leveraged the function to refresh the firm's corporate narrative and strengthen its brand.”
“Corporate sustainability: Achieved BlackRock’s 100% renewable electricity match goal and enhanced the Company’s approach to procuring market solutions.”
32% said NO on Pay (BlackRock owns 6% of BlackRock)
99% said NO to Bowyer Research’s theatrical request for a report on “risks related to a perceived shift away from a traditional understanding of fiduciary responsibility to stakeholder capitalism, implied by its assent to the Business Roundtable’s Statement on the Purpose of a Corporation, as well as a high-profile embrace of ESG and DEI.”
BlackRock CEO Larry Fink has some words of wisdom for leaders navigating the age of populism and social media: Watch what you say: "You have to be a lot more guarded. I can't say everything I really want to say to all of you right now. The reality is you have to be a lot more systematic in what you say and how you say it internally or externally. I mean, we live in a terrarium today. We live in