But will they be able to get the votes?*
From Reuters via MSN, December 6:
Activist investor Bluebell Capital Partners Ltd has sought to replace BlackRock Inc Chief Executive Officer Larry Fink, after taking a position in the asset manager.
Bluebell, in a letter to BlackRock's board, has also asked the company to split the roles of chairman and CEO held by Fink and initiate a strategic review of its stance on environmental, social and corporate governance (ESG) policies.
Bluebell said it wants Fink to be replaced for the "de-personalisation of the ESG strategy from the opinions of the current BlackRock's chairman and CEO."...
....MUCH MORE, including video.
*From ETF.com, it appears the third largest holder of BlackRock is a BlackRock sponsored iShares ETF:
| SCHD | Schwab U.S. Dividend Equity ETF | 1.96M |
| SPY | SPDR S&P 500 ETF Trust | 1.64M |
| IVV | iShares Core S&P 500 ETF | 1.34M |
| XLF | Financial Select Sector SPDR Fund | 1.23M |
| VOO | Vanguard S&P 500 ETF | 1.13M |
Query: Would Schawb and Vanguard vote to remove Mr. Fink?
