Larry Fink, CEO of investment firm BlackRock, is facing backlash over a 2017 comment admitting his company would “force behaviors” on inclusion efforts, amid a rise in pushback against companies making environmental, social and corporate governance (ESG) investments on behalf of everyday Americans.
While sitting alongside former AmEx CEO Kenneth I. Chenault in a resurfaced 2017 New York Times interview, Fink revealed BlackRock would “force behaviors” on “gender or race” and threatened impacts to compensation if diversity, equity, and inclusion (DEI) standards weren’t met.
“Behaviors are gonna have to change and this is one thing were asking companies. You have to force behaviors, and at BlackRock we are forcing behaviors,” the CEO said.
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