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On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
Black hairy legs pervert
  05/06/21
Larry Fink is a piece of shit
glittery indirect expression death wish
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
Galvanic National Electric Furnace
  05/06/21
...
Ocher apoplectic boiling water
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Navy affirmative action
  05/06/21
...
Crusty fat ankles step-uncle's house
  06/18/22
...
Crystalline Hall Hissy Fit
  06/02/23
...
Black hairy legs pervert
  05/06/21
glad this is finally getting mainstream attention
sadistic love of her life indian lodge
  05/06/21
...
Aromatic site water buffalo
  05/06/21
...
Heady cream sweet tailpipe dragon
  05/06/21
yea we need some new laws on this shit, pronto
Hyperactive nighttime menage trust fund
  05/06/21
when will we stop calling them “liberals?” th...
self-absorbed school cafeteria
  05/06/21
I’ve been calling them “the Left” for a de...
Aromatic site water buffalo
  05/06/21
more or less same here, but WSJ still calling them liberals ...
self-absorbed school cafeteria
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
Heady cream sweet tailpipe dragon
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
Swashbuckling black woman
  06/02/23
...
Crystalline Hall Hissy Fit
  06/02/23
...
sickened partner
  06/02/23
No SEC no-action letter could save them?
fiercely-loyal faggotry public bath
  05/06/21
...
Black hairy legs pervert
  05/06/21
They know exactly what they’re doing and their alums j...
Violent Whorehouse
  05/06/21
...
Black hairy legs pervert
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
fiercely-loyal faggotry public bath
  05/07/21
Dude, literally every public corporation now spends 30% of t...
glittery indirect expression death wish
  05/07/21
...
Fragrant Onyx Hell Corn Cake
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
Violent Whorehouse
  05/07/21
...
Ocher apoplectic boiling water
  11/07/21
...
metal coiffed juggernaut french chef
  11/07/21
...
puce theater stage
  11/07/21
...
Black hairy legs pervert
  05/28/21
Lol at thinking “the law” is going to fix this ...
Navy affirmative action
  05/28/21
...
Crusty fat ankles step-uncle's house
  06/18/22
...
Black hairy legs pervert
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
mewling national security agency
  07/17/21
...
Black hairy legs pervert
  11/07/21
...
Black hairy legs pervert
  03/30/22
They're actually making a move to change this and let invest...
Black hairy legs pervert
  06/18/22
...
Galvanic National Electric Furnace
  06/18/22
...
Black hairy legs pervert
  09/30/22
...
Black hairy legs pervert
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
filthy mentally impaired set
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
Black hairy legs pervert
  06/05/23
instead of whining about this shit, why not have conservativ...
talking mexican
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
provocative immigrant weed whacker
  06/02/23
Wonder to what extent the companies affected do not affect B...
Low-t Chestnut Tanning Salon Giraffe
  06/02/23
...
Black hairy legs pervert
  12/26/23


Poast new message in this thread



Reply Favorite

Date: May 6th, 2021 11:29 AM
Author: Black hairy legs pervert

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 Favorite

Date: May 6th, 2021 11:34 AM
Author: glittery indirect expression death wish

Larry Fink is a piece of shit

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411931)



Reply Favorite

Date: May 6th, 2021 2:48 PM
Author: Galvanic National Electric Furnace

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 Favorite

Date: November 7th, 2021 10:31 AM
Author: Ocher apoplectic boiling water



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400813)



Reply Favorite

Date: May 6th, 2021 11:43 AM
Author: Navy affirmative action

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 Favorite

Date: June 18th, 2022 2:01 PM
Author: Crusty fat ankles step-uncle's house



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



Reply Favorite

Date: June 2nd, 2023 11:10 AM
Author: Crystalline Hall Hissy Fit



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



Reply Favorite

Date: May 6th, 2021 2:43 PM
Author: Black hairy legs pervert



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



Reply Favorite

Date: May 6th, 2021 2:45 PM
Author: sadistic love of her life indian lodge

glad this is finally getting mainstream attention

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413014)



Reply Favorite

Date: May 6th, 2021 2:46 PM
Author: Aromatic site water buffalo



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



Reply Favorite

Date: May 6th, 2021 3:00 PM
Author: Heady cream sweet tailpipe dragon



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



Reply Favorite

Date: May 6th, 2021 2:45 PM
Author: Hyperactive nighttime menage trust fund

yea we need some new laws on this shit, pronto

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413016)



Reply Favorite

Date: May 6th, 2021 2:46 PM
Author: self-absorbed school cafeteria

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 Favorite

Date: May 6th, 2021 2:50 PM
Author: Aromatic site water buffalo

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 Favorite

Date: May 6th, 2021 3:15 PM
Author: self-absorbed school cafeteria

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 Favorite

Date: June 2nd, 2023 11:51 AM
Author: Heady cream sweet tailpipe dragon

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 Favorite

Date: June 2nd, 2023 11:16 AM
Author: Swashbuckling black woman

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 Favorite

Date: June 2nd, 2023 11:17 AM
Author: Crystalline Hall Hissy Fit



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



Reply Favorite

Date: June 2nd, 2023 11:59 AM
Author: sickened partner



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



Reply Favorite

Date: May 6th, 2021 2:51 PM
Author: fiercely-loyal faggotry public bath

No SEC no-action letter could save them?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413055)



Reply Favorite

Date: May 6th, 2021 4:19 PM
Author: Black hairy legs pervert



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



Reply Favorite

Date: May 6th, 2021 4:29 PM
Author: Violent Whorehouse

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 Favorite

Date: May 7th, 2021 12:50 PM
Author: Black hairy legs pervert



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



Reply Favorite

Date: May 7th, 2021 1:55 PM
Author: fiercely-loyal faggotry public bath

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 Favorite

Date: May 7th, 2021 2:12 PM
Author: glittery indirect expression death wish

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 Favorite

Date: May 7th, 2021 2:16 PM
Author: Fragrant Onyx Hell Corn Cake



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419741)



Reply Favorite

Date: May 7th, 2021 3:48 PM
Author: Violent Whorehouse

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 Favorite

Date: November 7th, 2021 10:32 AM
Author: Ocher apoplectic boiling water



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



Reply Favorite

Date: November 7th, 2021 10:38 AM
Author: metal coiffed juggernaut french chef



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



Reply Favorite

Date: November 7th, 2021 12:03 PM
Author: puce theater stage



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



Reply Favorite

Date: May 28th, 2021 12:30 PM
Author: Black hairy legs pervert



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535481)



Reply Favorite

Date: May 28th, 2021 12:31 PM
Author: Navy affirmative action

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 Favorite

Date: June 18th, 2022 2:01 PM
Author: Crusty fat ankles step-uncle's house



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



Reply Favorite

Date: July 17th, 2021 2:37 AM
Author: Black hairy legs pervert



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



Reply Favorite

Date: July 17th, 2021 2:39 AM
Author: mewling national security agency

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 Favorite

Date: November 7th, 2021 10:26 AM
Author: Black hairy legs pervert



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



Reply Favorite

Date: March 30th, 2022 7:48 PM
Author: Black hairy legs pervert



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



Reply Favorite

Date: June 18th, 2022 12:21 PM
Author: Black hairy legs pervert

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 Favorite

Date: June 18th, 2022 2:16 PM
Author: Galvanic National Electric Furnace



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



Reply Favorite

Date: September 30th, 2022 4:48 PM
Author: Black hairy legs pervert



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



Reply Favorite

Date: June 2nd, 2023 10:42 AM
Author: Black hairy legs pervert



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



Reply Favorite

Date: June 2nd, 2023 12:02 PM
Author: filthy mentally impaired set

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 Favorite

Date: June 5th, 2023 1:28 PM
Author: Black hairy legs pervert

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 Favorite

Date: June 2nd, 2023 12:49 PM
Author: talking mexican

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 Favorite

Date: June 2nd, 2023 1:12 PM
Author: provocative immigrant weed whacker

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 Favorite

Date: June 2nd, 2023 7:19 PM
Author: Low-t Chestnut Tanning Salon Giraffe

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 Favorite

Date: December 26th, 2023 7:05 PM
Author: Black hairy legs pervert



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