Radical left Blackrock CEO Larry Fink was caught having a total meltdown after red states cut off funds to his woke company.
Last month, the Texas Permanent School Fund’s decided to withdraw $8.5 billion from Kink’s company.
BlackRock, founded in 1988 by Fink, is the world’s largest asset management firm, overseeing trillion dollars worth of assets.
Since then, the company has attempted to force companies across America to adopt a Communist China-style social credit system for Environment and Social Justice (ESG) or face penalties.
The system would include forcing companies to toe the line with the radical left’s DEI agenda while pressuring firms not to fund coal and other fossil fuel projects.
An example of such pressure is Bud Light’s partnership with Transgender influencer Dylan Mulvaney.
Will Hild, Executive Director of Consumers First, obtained the audio of Fink’s meltdown over Texas and other states defying his woke agenda.
Listen”
JUST IN: @BlackRock CEO Larry Fink *absolutely lost it* on their latest earnings call, after the Texas Permanent School Fund pulled $8.5 billion from the woke asset manager over their continued ESG activism:
— Will Hild (@WillHild) April 12, 2024
🔊 pic.twitter.com/ohTOoMKf4U
Here’s the transcript:
Fink: I’ve spoken before about the fear we see today. Some are stoked by increasing political polarization in the world.
Our industry and Blackrock have been the subject of political dialogue, mostly in the United States… We have done a better job of telling our story so people can make decisions based on FACTS, not lies or misinformation by others!
Unfortunately, there are still others out there who put short-term politics and continuously lie about these issues. They are putting issues above the long-term fiduciary responsibilities.
As a fiduciary, politics should never outweigh performance!
Other states that have ditched Blackrock include:
Florida
Arizona
Arkansas
Louisiana
Missouri
South Carolina
Utah
West Virginia
READ: JPMorgan CEO Calls on Government to Seize Private Property to Fight “Climate Change”
