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And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.
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Laurence D. Fink built BlackRock into the world’s largest asset manager with a steely grip, a thick skin and a cleareyed vision of what the company could become. Today, it’s a caretaker of $10.5 trillion of investor money and a provider of sophisticated trading technology, and Mr. Fink has been an informal financial adviser to many governments, including the United States. They were on investors’ minds this week at BlackRock’s annual shareholder meeting, as they listened to Mr. Fink talk about the company’s performance and voted on ballot issues. Mr. Fink, BlackRock’s chief executive and chairman, exerts an unusual level of control for someone leading a firm of its size, with nearly 20,000 employees. From writing LinkedIn posts defending BlackRock’s policies to personally finding key deals, he has put his stamp all over the company, which he co-founded in 1988.
Persons: Laurence D, Fink, it’s, Robert F, Kennedy Jr, . Fink Organizations: BlackRock Locations: United States
Reuters GraphicsTIPPING THE SCALESThe shift to low-fee products helped BlackRock’s assets under management swell to more than $9 trillion at the end of September. BlackRock’s history with Blackstone means a reunion with Stephen Schwarzman’s $110 billion firm is a persistent Wall Street rumor. BlackRock’s funds operate under a single name, so uniting with Carlyle (CG.O) or Apollo Global Management (APO.N) would pose a branding challenge. Fink might covet MSCI (MSCI.N), the $38 billion firm which aggregates many of the benchmarks tracked by BlackRock’s ETFs. Given Fink’s long record of pulling off opportunistic and transformational deals, it would be foolish to bet against him springing one last surprise.
Persons: Larry Fink, Fink, Merrill, Rowe Price, Janus Henderson, Blackstone, Stephen Schwarzman’s, Carlyle, covet, MSCI, Michael Bloomberg, doesn’t, LSEG –, Peter Thal Larsen, Thomas Shum, Streisand Neto Organizations: CNBC, New York Stock Exchange, Reuters, BlackRock, Blackstone, Barclays Global Investors, Credit Suisse, UBS, nab, Graphics, Apollo Global Management, London Stock Exchange, Thomson Reuters, New, Bloomberg, Wall Street, New York Times, LSEG – Bloomberg, Thomson Locations: New York City, U.S, BlackRock, Boston, Swiss, New York, United States
6 Podcasts for the Spooky Season
  + stars: | 2023-10-03 | by ( Emma Dibdin | ) www.nytimes.com   time to read: +2 min
There’s an adage about horror movies, often attributed to Alfred Hitchcock: What you don’t see is more frightening than what you do. This makes audio dramas excellent vehicles for the horror genre, because the absence of visual storytelling forces listeners to fill in the gaps. Starter episodes: “Omelet”Have you ever read the Wikipedia page for a horror movie you’re interested in, but too afraid to watch? You’re not alone — this one-degree-removed method of horror consumption is common, and it’s the linchpin of this fun and addictive recap podcast. Sammy Smart is a horror aficionado who watches the movies so her more fearful co-hosts, Emily Gonzalez and Henley Cox, don’t have to.
Persons: Alfred Hitchcock, Joseph Fink’s enthralling, Fink, , , Alice Isn’t, Jasika Nicole, “ Alice Isn’t, You’re, Sammy Smart, Emily Gonzalez, Henley Cox, Jordan, Ari Aster’s “, Nicolas Cage, — Gonzalez, Cox, Smart Organizations: Vale
For years, Larry Fink, the chief executive of the giant asset manager BlackRock, has been broadcasting a message to corporate America: Environmental, social and governance goals should be core to how companies do business. So when BlackRock announced in July that it would appoint Amin Nasser, the head of the world’s largest oil company, Aramco, to its board, investors and politicians immediately called out Mr. Fink on what they said was his hypocrisy. It’s the latest example of the increasingly difficult situation Mr. Fink finds himself in: His championing of E.S.G. has drawn accusations of “woke” capitalism from the right while his embrace of energy companies has upset those on the left. The political blowback has made it more challenging for Mr. Fink to do his day job of finding new sources of money that BlackRock — which oversees $9 trillion in assets — needs to drive growth and keep shareholders happy.
Persons: Larry Fink, Amin Nasser, Fink, , Giuseppe Bivona, Fink’s, Organizations: BlackRock, Aramco, Bluebell Locations: America, London
The $109 billion asset manager run by Larry Fink said on Monday it would add Saudi Aramco (2222.SE) Chief Executive Amin Nasser to its 16-strong board. But judged through an investment lens the appointment makes sense. Nasser, who led Aramco through its 2019 initial public offering, will take the seat currently occupied by Bader Alsaad, a former managing director of the Kuwait Investment Authority. Follow @thereallsl on TwitterCONTEXT NEWSBlackRock on July 17 said Amin Nasser, chief executive of Saudi Aramco, would join its board as an independent director. “Amin’s distinguished career at Aramco, spanning more than four decades, gives him a unique perspective on many of the key issues facing our firm and our clients,” BlackRock Chief Executive Larry Fink said in a statement.
Persons: Larry Fink, Amin Nasser, Nasser, Bader Alsaad, Jamal Khashoggi, Randall Stephenson, Fink, Richard Blumenthal, T Rowe Price, Fink –, “ Amin’s, Peter Thal Larsen, Sharon Lam Organizations: YORK, Reuters, BlackRock, Aramco, Kuwait Investment Authority, of, Petroleum, Saudi, Golfers ’ Association, Global Energy, Exxon Mobil, Chevron, Shell, Thomson Locations: BlackRock, Saudi Aramco, Kuwait, Saudi Arabia, United States, U.S, Texas, Connecticut, Aramco
Larry Fink finds way to dodge ESG crosshairs
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, March 15 (Reuters Breakingviews) - Seismic events elsewhere are making it easier for BlackRock (BLK.N) to inch away from the environmental, social and governance crosshairs. The $8 trillion asset manager’s chair Larry Fink used his annual investor letter to theorise that inflation might stay around 4%, predict stricter bank capital requirements, and namecheck his favourite 80’s band, Talk Talk. BlackRock still backs these objectives, but Fink’s 2023 letter doesn’t even mention ESG. The good news for Fink is that U.S. banking collapses and spiralling inflation mean his detractors’ attention is, at least for now, elsewhere. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Conscious capitalism falls behind in the polls
  + stars: | 2022-11-04 | by ( John Foley | ) www.reuters.com   time to read: +5 min
NEW YORK, Nov 4 (Reuters Breakingviews) - As America heads to the polls on Tuesday, and the political climate gets more acrimonious, powerful companies have two choices. Their bid to avoid unwanted attention comes with a cost, because the alternative to conscious capitalism isn’t democracy but apathy. BlackRock affirmed its commitment on Thursday to letting individual customers vote shares in companies at annual meetings, rather than BlackRock voting on their behalf. Ron DeSantis, the governor of Florida, has taken aim at “woke” capitalism by barring state pension funds from investing based on non-pecuniary goals. From the other side, New York’s City comptroller is “reassessing” its relationship with Fink’s firm because BlackRock isn’t being progressive enough.
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