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On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
Learning disabled stag film
  05/06/21
Larry Fink is a piece of shit
galvanic amber ceo
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
Stimulating Menage Antidepressant Drug
  05/06/21
...
Frisky corner community account
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Genius Bear on the loose in Japan
  05/06/21
...
Boyish Ratface Therapy
  06/18/22
...
Mahogany cuckoldry
  06/02/23
...
aryan chad
  10/28/26
hmmmmmmmmmmmmmmmmmmmmm
Refunkulus
  10/28/26
...
Learning disabled stag film
  05/06/21
glad this is finally getting mainstream attention
Burgundy irradiated main people boltzmann
  05/06/21
...
Beady-eyed senate
  05/06/21
...
pearly sweet tailpipe
  05/06/21
yea we need some new laws on this shit, pronto
Judgmental roommate preventive strike
  05/06/21
when will we stop calling them “liberals?” th...
Electric business firm legal warrant
  05/06/21
I’ve been calling them “the Left” for a de...
Beady-eyed senate
  05/06/21
more or less same here, but WSJ still calling them liberals ...
Electric business firm legal warrant
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
pearly sweet tailpipe
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
180 avocado state
  06/02/23
...
Mahogany cuckoldry
  06/02/23
...
thriller white juggernaut stage
  06/02/23
Yes, Blackrock is actively trying to advance a Leninist-styl...
Dashing Maniacal Resort
  03/25/25
No SEC no-action letter could save them?
stirring awkward striped hyena haunted graveyard
  05/06/21
...
Learning disabled stag film
  05/06/21
They know exactly what they’re doing and their alums j...
Talented Sneaky Criminal Friendly Grandma
  05/06/21
...
Learning disabled stag film
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
stirring awkward striped hyena haunted graveyard
  05/07/21
Dude, literally every public corporation now spends 30% of t...
galvanic amber ceo
  05/07/21
...
richard clock
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
Talented Sneaky Criminal Friendly Grandma
  05/07/21
...
Frisky corner community account
  11/07/21
...
henna address
  11/07/21
...
Adventurous green death wish
  11/07/21
...
Learning disabled stag film
  05/28/21
Lol at thinking “the law” is going to fix this ...
Genius Bear on the loose in Japan
  05/28/21
...
Boyish Ratface Therapy
  06/18/22
...
Learning disabled stag film
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
hyperactive tan mediation
  07/17/21
...
Learning disabled stag film
  11/07/21
...
Learning disabled stag film
  03/30/22
They're actually making a move to change this and let invest...
Learning disabled stag film
  06/18/22
...
Stimulating Menage Antidepressant Drug
  06/18/22
...
Learning disabled stag film
  09/30/22
...
Learning disabled stag film
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
violet aromatic location organic girlfriend
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
Learning disabled stag film
  06/05/23
instead of whining about this shit, why not have conservativ...
maize flickering hall wagecucks
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
Bistre University
  06/02/23
Wonder to what extent the companies affected do not affect B...
frozen site messiness
  06/02/23
...
Learning disabled stag film
  12/26/23
...
Learning disabled stag film
  03/25/25
...
Refunkulus
  10/28/26


Poast new message in this thread



Reply

Date: May 6th, 2021 11:29 AM
Author: Learning disabled stag film

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: galvanic amber ceo

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: Stimulating Menage Antidepressant Drug

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: Frisky corner community account



(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: Boyish Ratface Therapy



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



Reply

Date: June 2nd, 2023 11:10 AM
Author: Mahogany cuckoldry



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



Reply

Date: October 28th, 2026 7:24 PM
Author: aryan chad



(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: Learning disabled stag film



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



Reply

Date: May 6th, 2021 2:45 PM
Author: Burgundy irradiated main people boltzmann

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: Beady-eyed senate



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



Reply

Date: May 6th, 2021 3:00 PM
Author: pearly sweet tailpipe



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



Reply

Date: May 6th, 2021 2:45 PM
Author: Judgmental roommate preventive strike

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: Electric business firm legal warrant

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: Beady-eyed senate

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: Electric business firm legal warrant

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: pearly sweet tailpipe

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: 180 avocado state

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: Mahogany cuckoldry



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



Reply

Date: June 2nd, 2023 11:59 AM
Author: thriller white juggernaut stage



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



Reply

Date: March 25th, 2025 12:29 PM
Author: Dashing Maniacal Resort

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: stirring awkward striped hyena haunted graveyard

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: Learning disabled stag film



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



Reply

Date: May 6th, 2021 4:29 PM
Author: Talented Sneaky Criminal Friendly Grandma

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: Learning disabled stag film



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



Reply

Date: May 7th, 2021 1:55 PM
Author: stirring awkward striped hyena haunted graveyard

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: galvanic amber ceo

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: Talented Sneaky Criminal Friendly Grandma

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: Frisky corner community account



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



Reply

Date: November 7th, 2021 10:38 AM
Author: henna address



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



Reply

Date: November 7th, 2021 12:03 PM
Author: Adventurous green death wish



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



Reply

Date: May 28th, 2021 12:30 PM
Author: Learning disabled stag film



(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: Boyish Ratface Therapy



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



Reply

Date: July 17th, 2021 2:37 AM
Author: Learning disabled stag film



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



Reply

Date: July 17th, 2021 2:39 AM
Author: hyperactive tan mediation

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: Learning disabled stag film



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



Reply

Date: March 30th, 2022 7:48 PM
Author: Learning disabled stag film



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



Reply

Date: June 18th, 2022 12:21 PM
Author: Learning disabled stag film

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: Stimulating Menage Antidepressant Drug



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



Reply

Date: September 30th, 2022 4:48 PM
Author: Learning disabled stag film



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



Reply

Date: June 2nd, 2023 10:42 AM
Author: Learning disabled stag film



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



Reply

Date: June 2nd, 2023 12:02 PM
Author: violet aromatic location organic girlfriend

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: Learning disabled stag film

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: maize flickering hall wagecucks

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: Bistre University

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: frozen site messiness

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: Learning disabled stag film



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



Reply

Date: March 25th, 2025 12:25 PM
Author: Learning disabled stag film



(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)