This week, when BlackRock CEO Larry Fink defended his firm’s efforts to hold companies accountable for their environmental and social impact, he included a nod to his critics who’ve accused him of forcing a liberal agenda on businesses.
“It is not a social or ideological agenda,” he wrote in his closely watched annual letter to clients. “It is not ‘woke.’ It is capitalism.”
Translation: Don’t be angered by this do-gooder approach, Wall Street — this is just what’s good for business.
To be sure, Fink, whose firm has more than $10 trillion in assets under management, isn’t wrong: Studies…
