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On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
Irradiated Stead Halford
  05/06/21
Larry Fink is a piece of shit
swashbuckling gay ceo temple
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
dead burgundy pistol really tough guy
  05/06/21
...
soul-stirring unhinged indian lodge
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Genius Bear on the loose in Japan
  05/06/21
...
cobalt candlestick maker new version
  06/18/22
...
glittery white cuckold
  06/02/23
...
hotsauce
  10/28/26
hmmmmmmmmmmmmmmmmmmmmm
Refunkulus
  10/28/26
...
Irradiated Stead Halford
  05/06/21
glad this is finally getting mainstream attention
Crawly tanning salon round eye
  05/06/21
...
excitant maize telephone
  05/06/21
...
shaky green brunch party of the first part
  05/06/21
yea we need some new laws on this shit, pronto
mischievous violent jew garrison
  05/06/21
when will we stop calling them “liberals?” th...
Provocative Balding State
  05/06/21
I’ve been calling them “the Left” for a de...
excitant maize telephone
  05/06/21
more or less same here, but WSJ still calling them liberals ...
Provocative Balding State
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
shaky green brunch party of the first part
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
beta rehab
  06/02/23
...
glittery white cuckold
  06/02/23
...
Transparent Ape Church Building
  06/02/23
Yes, Blackrock is actively trying to advance a Leninist-styl...
Laughsome Sexy Kitty Field
  03/25/25
No SEC no-action letter could save them?
contagious stubborn mad cow disease set
  05/06/21
...
Irradiated Stead Halford
  05/06/21
They know exactly what they’re doing and their alums j...
Emerald crusty national mood
  05/06/21
...
Irradiated Stead Halford
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
contagious stubborn mad cow disease set
  05/07/21
Dude, literally every public corporation now spends 30% of t...
swashbuckling gay ceo temple
  05/07/21
...
richard clock
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
Emerald crusty national mood
  05/07/21
...
soul-stirring unhinged indian lodge
  11/07/21
...
cordovan piazza
  11/07/21
...
offensive skinny woman school
  11/07/21
...
Irradiated Stead Halford
  05/28/21
Lol at thinking “the law” is going to fix this ...
Genius Bear on the loose in Japan
  05/28/21
...
cobalt candlestick maker new version
  06/18/22
...
Irradiated Stead Halford
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
Jade exhilarant university
  07/17/21
...
Irradiated Stead Halford
  11/07/21
...
Irradiated Stead Halford
  03/30/22
They're actually making a move to change this and let invest...
Irradiated Stead Halford
  06/18/22
...
dead burgundy pistol really tough guy
  06/18/22
...
Irradiated Stead Halford
  09/30/22
...
Irradiated Stead Halford
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
Appetizing macaca
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
Irradiated Stead Halford
  06/05/23
instead of whining about this shit, why not have conservativ...
Mentally impaired ticket booth
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
turquoise gaping
  06/02/23
Wonder to what extent the companies affected do not affect B...
lavender fragrant codepig mental disorder
  06/02/23
...
Irradiated Stead Halford
  12/26/23
...
Irradiated Stead Halford
  03/25/25
...
Refunkulus
  10/28/26


Poast new message in this thread



Reply ▼

Date: May 6th, 2021 11:29 AM
Author: Irradiated Stead Halford

https://www.wsj.com/articles/blackrock-at-odds-with-warren-buffetts-berkshire-hathaway-over-disclosures-11620306010

Blackrock has been pushing for Diversity and Climate change initiatives through shareholder proposals. However Blackrock, through iShares and other ETF/Index products, does not in fact own any of the shares that they vote, as these shares are owned by clients of the firm that own products produced by Blackrock. Yet they vote the shares and thus exert a significant amount of control and determination over publicly traded companies that do not have a majority shareholder (meaning a huge amount of the publicly traded businesses out there)

Berkshire Hathaway was able to fend off Blackrock, but many companies were not and have not been able to and will eventually succumb or be subsumed to the whims of these unelected controllers in a distant office far, far away from the headquarters and communities that are affected by these shareholder votes and proposals.

This behavior also goes on with state run California Pension Funds (CALPERS and CALSTRS) as well as endowment funds of elite universities such as Harvard, Yale and Stanford.

This behavior has created an unelected (by shareholder laws) shadow superstructure of political ideology in the private sphere, which ultimately leaks out into and influences social behavior (advertising, products, media type and of course campaign contributions to politicians, foundations and causes) which inevitably impacts the way our government is run.

This is one of the purest most essential perversions of the capitalistic structure of society as it produces disintermediation between ownership and voting capability, creating aggregated power in the hands of few individuals who through undemocratic means, control the fate of an enormous amount of our nations productive capacity and capital. Worse still; this behavior is also difficult to curtail given the substantial protections afforded by the United States to the private sector. If explained using a biological framework, this behavior is cancerous.

As a result of this disintermediation, Blackrock and ideologically influenced entities like it (Pension Funds, Endowment funds of universities) wields a disproportionate power relative to actual economic ownership and has been aggressively using their power to push for increasingly liberal policies across the corporate landscape.

This type of behavior is extremely pernicious and, over the long term, represents the merger between identity politics and High Finance/Wall Street - much in the same manner that Wall Street manages large university endowments, which then collaborate to use their tax advantages money (a huge advantage for investors) to consolidate power and influence the course of this nation.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411914)



Reply ▼

Date: May 6th, 2021 11:34 AM
Author: swashbuckling gay ceo temple

Larry Fink is a piece of shit

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411931)



Reply ▼

Date: May 6th, 2021 2:48 PM
Author: dead burgundy pistol really tough guy

Also just dumb. He is the dumbest most useless piece of shit on Wall Street, and he stumbled into a position of corporate governance czar.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413035)



Reply ▼

Date: November 7th, 2021 10:31 AM
Author: soul-stirring unhinged indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400813)



Reply ▼

Date: May 6th, 2021 11:43 AM
Author: Genius Bear on the loose in Japan

shalom, fellow progressive financier oligarchs! anyone else here really concerned with and earnest about "social justice" that seems suspiciously like ethnic warfare against the native population?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411990)



Reply ▼

Date: June 18th, 2022 2:01 PM
Author: cobalt candlestick maker new version



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704556)



Reply ▼

Date: June 2nd, 2023 11:10 AM
Author: glittery white cuckold



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382744)



Reply ▼

Date: October 28th, 2026 7:24 PM
Author: hotsauce



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210702)



Reply ▼

Date: October 28th, 2026 7:25 PM
Author: Refunkulus (I Always Post Always TP)

hmmmmmmmmmmmmmmmmmmmmm

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210705)



Reply ▼

Date: May 6th, 2021 2:43 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413003)



Reply ▼

Date: May 6th, 2021 2:45 PM
Author: Crawly tanning salon round eye

glad this is finally getting mainstream attention

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413014)



Reply ▼

Date: May 6th, 2021 2:46 PM
Author: excitant maize telephone



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413026)



Reply ▼

Date: May 6th, 2021 3:00 PM
Author: shaky green brunch party of the first part



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413106)



Reply ▼

Date: May 6th, 2021 2:45 PM
Author: mischievous violent jew garrison

yea we need some new laws on this shit, pronto

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413016)



Reply ▼

Date: May 6th, 2021 2:46 PM
Author: Provocative Balding State

when will we stop calling them “liberals?”

these are not liberal policies they are left wing / Leninist ones

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413023)



Reply ▼

Date: May 6th, 2021 2:50 PM
Author: excitant maize telephone

I’ve been calling them “the Left” for a decade for this reason

“US” “liberals” have very little to do with real classical liberals, they stole the word “liberal” decades ago as cover for illiberal left wing positions = skin suit

it’s why actual classical liberals had to make up the word “libertarian” because the Left stole the word “liberal” (although libertarians later also went a bit kooky)

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413049)



Reply ▼

Date: May 6th, 2021 3:15 PM
Author: Provocative Balding State

more or less same here, but WSJ still calling them liberals like it’s 2003 or something

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413182)



Reply ▼

Date: June 2nd, 2023 11:51 AM
Author: shaky green brunch party of the first part

Liberalism and Libertarianism remain the same at their heart. Totalitarian ideology that thinks it has the answer for everything and believes that utopia will be achieved if it’s Vision to transform society is implemented quickly.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382885)



Reply ▼

Date: June 2nd, 2023 11:16 AM
Author: beta rehab

Solzhenitsyn: "You must understand, the leading Bolsheviks who took over Russia were not Russians. They hated Russians. They hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse. It cannot be overstated."

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382763)



Reply ▼

Date: June 2nd, 2023 11:17 AM
Author: glittery white cuckold



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382770)



Reply ▼

Date: June 2nd, 2023 11:59 AM
Author: Transparent Ape Church Building



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382910)



Reply ▼

Date: March 25th, 2025 12:29 PM
Author: Laughsome Sexy Kitty Field

Yes, Blackrock is actively trying to advance a Leninist-style dictatorship of the proletariat and transfer the means of production to the workers. This is a very smart statement that someone with a clear understanding of actual Marxist theory would say.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780718)



Reply ▼

Date: May 6th, 2021 2:51 PM
Author: contagious stubborn mad cow disease set

No SEC no-action letter could save them?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413055)



Reply ▼

Date: May 6th, 2021 4:19 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413590)



Reply ▼

Date: May 6th, 2021 4:29 PM
Author: Emerald crusty national mood

They know exactly what they’re doing and their alums joined the Biden admin to run economic policy much the same way.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413676)



Reply ▼

Date: May 7th, 2021 12:50 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419217)



Reply ▼

Date: May 7th, 2021 1:55 PM
Author: contagious stubborn mad cow disease set

Its actually very hard to have a proxy fight. Most proxy fights like this are killed by way of SEC no-action letters. Maybe 1 in 5 proposals raised by a Blackrock end up making it onto a proxy. They have a horrible record of getting raped by the SEC the last few years. Of course, you dont want to piss off a Blackrock by going the no-action route so a lot of shit gets settled behind the scenes but you can read the no-action shit online if you feel like being bored to tears...

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419582)



Reply ▼

Date: May 7th, 2021 2:12 PM
Author: swashbuckling gay ceo temple

Dude, literally every public corporation now spends 30% of their time on carbon emissions and increasing their # of black employees because these ESG initiatives now DOMINATE

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419708)



Reply
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▼


Date: May 7th, 2021 2:16 PM
Author: richard clock



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419741)



Reply ▼

Date: May 7th, 2021 3:48 PM
Author: Emerald crusty national mood

ESG and DEI are catnip for soft thinkers who don’t really know how to add value.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42420362)



Reply ▼

Date: November 7th, 2021 10:32 AM
Author: soul-stirring unhinged indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400817)



Reply ▼

Date: November 7th, 2021 10:38 AM
Author: cordovan piazza



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400847)



Reply ▼

Date: November 7th, 2021 12:03 PM
Author: offensive skinny woman school



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43401211)



Reply ▼

Date: May 28th, 2021 12:30 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535481)



Reply ▼

Date: May 28th, 2021 12:31 PM
Author: Genius Bear on the loose in Japan

Lol at thinking “the law” is going to fix this

We just have to kill these people. In real life, not in Minecraft

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535490)



Reply ▼

Date: June 18th, 2022 2:01 PM
Author: cobalt candlestick maker new version



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704561)



Reply ▼

Date: July 17th, 2021 2:37 AM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795893)



Reply ▼

Date: July 17th, 2021 2:39 AM
Author: Jade exhilarant university

lmao at these frauds pushing all this bullshit woke ESG garbage instead of voting on behalf of investors to maximize profits

fuck this gay earth

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795904)



Reply ▼

Date: November 7th, 2021 10:26 AM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400789)



Reply ▼

Date: March 30th, 2022 7:48 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44248853)



Reply ▼

Date: June 18th, 2022 12:21 PM
Author: Irradiated Stead Halford

They're actually making a move to change this and let investors vote the shares on a pass through basis now. Crazy.

Not enough but a good step in the right direction.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704145)



Reply ▼

Date: June 18th, 2022 2:16 PM
Author: dead burgundy pistol really tough guy



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704613)



Reply ▼

Date: September 30th, 2022 4:48 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#45258425)



Reply ▼

Date: June 2nd, 2023 10:42 AM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382647)



Reply ▼

Date: June 2nd, 2023 12:02 PM
Author: Appetizing macaca

That's not even true. The ETF itself owns the shares it votes. Blackrock's customers don't own the shares.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382925)



Reply ▼

Date: June 5th, 2023 1:28 PM
Author: Irradiated Stead Halford

This is sophistry, whatever vehicle it is, it disinter-mediates ownership and control of an entity. It’s basically like ballot harvesting on a massive scale and completely ignored by the population.

Shareholders already have a terrible track record of exercising the rights of their ownership, this has just made it worse by an order of magnitude.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46391821)



Reply ▼

Date: June 2nd, 2023 12:49 PM
Author: Mentally impaired ticket booth

instead of whining about this shit, why not have conservative organizations also pool their capital and battle it out with their own ETFs voting for conservative causes? nobody's stopping them from doing that.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383099)



Reply ▼

Date: June 2nd, 2023 1:12 PM
Author: turquoise gaping

karen, please wash your pussy.

it smells like casu marzu.

gross.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383164)



Reply ▼

Date: June 2nd, 2023 7:19 PM
Author: lavender fragrant codepig mental disorder

Wonder to what extent the companies affected do not affect Blackrock profits due to Blackrock owning the competition?

As in when Budweiser sales go down, competition sales go up.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46384425)



Reply ▼

Date: December 26th, 2023 7:05 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#47216208)



Reply ▼

Date: March 25th, 2025 12:25 PM
Author: Irradiated Stead Halford



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780709)



Reply ▼

Date: October 28th, 2026 7:23 PM
Author: Refunkulus (I Always Post Always TP)



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#50210700)