Larry Fink is the epitome of the rich, egotistical megalomaniacs who think they’re entitled to run the world. From Scott Shepard at realclearmarkets.com:
Larry Fink really has let all of those trips to Davos go to his head.
In what is, so far as I know, the BlackRock CEO’s most recent act of public grandiloquence, he and BlackRock have urged the Securities & Exchange Commission (SEC) to modify its proposed greenhouse-gas emissions disclosure rule.
Rather, Fink’s objection to the rule is that it deviated from the disclosure demands that have issued from him – from him and from Mike Bloomberg and from the self-appointed New Ruling Class – embodied this time as the Task Force on Climate-Related Financial Disclosures (TCFD). These new malefactors of great self-regard, you see, don’t care for it when representatives of elected government dare to contradict the commandments of the World Economic Forum (WEF) set.