I recall listening to one of his 2018 corporate finance lectures in which he always scoffed at this type of nonsense, but I thought at one point he said institutional investors like BlackRock don't get too involved (at least at the board level), because it's not an efficient use of their time. I'll have to see if his recent lectures he clarified or elaborated on the role and impact of institutional investors in addition to his takedown on incompetent board members.
I see the idealists who dream of fascist controls are running many of these investment firms. They then act in ways the individuals who actually own the securities would not. I suspect laws will be needed to restrain their activities. At least it seems that Fink's Blackrock has become more aware of the anger and Vanguard says it is staying clear. I suspect they worry, rightly so, if law must act - Congress can make things worse. I don't see these firms are acting as wise stewards of client's money. I know what is best for me, not them.
I recall listening to one of his 2018 corporate finance lectures in which he always scoffed at this type of nonsense, but I thought at one point he said institutional investors like BlackRock don't get too involved (at least at the board level), because it's not an efficient use of their time. I'll have to see if his recent lectures he clarified or elaborated on the role and impact of institutional investors in addition to his takedown on incompetent board members.
I see the idealists who dream of fascist controls are running many of these investment firms. They then act in ways the individuals who actually own the securities would not. I suspect laws will be needed to restrain their activities. At least it seems that Fink's Blackrock has become more aware of the anger and Vanguard says it is staying clear. I suspect they worry, rightly so, if law must act - Congress can make things worse. I don't see these firms are acting as wise stewards of client's money. I know what is best for me, not them.