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The Race To Replace Larry Fink

TedTed
in Fund Discussions
FYI: Larry Fink, like Winston Churchill and cockroaches, excels in turbulent times — and a memo he sent to employees in January showed that he thinks there will be plenty of turbulence in BlackRock’s future.

In the memo, sent after the fourth quarter’s market rout, Fink laid out the long-simmering pressures facing the industry, and predicted that they would become more acute. To Fink, the 66-year-old chairman and chief executive of BlackRock, January portended the end of the long bull market and the beginning of a different cycle. Active managers had their last chance to prove their worth to investors.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1flqxqfb9c3qx/The-Race-to-Replace-Larry-Fink

Comments

  • LewisBraham
    Did this author seriously just compare Larry Fink to a cockroach? And does she not understand the historical connection to that particular simile, given Fink's ethnic heritage?
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