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Thursday, March 27, 2014

Fink Dares to Be More Than a Financial Observer

News summary by MFWire's editors

In the future, scientists will develop an equation for calculating the exact number of seconds it takes, after you set up a camera anywhere in the universe, before Larry Fink shows up and says something.

And it's probably a good thing that the BlackRock chief executive is so very talkative on so many topics.

For example, Fink has started a campaign to push “chief executive officers to engage with shareholders and be more transparent about balance-sheet decisions,” in a letter written on March 21, according to a Bloomberg article.

To-be-sure, this is not the first time Fink has jumped onto this moving soapbox. The same Bloomberg article notes that he wrote a letter in January 2012 urging “600 of BlackRock’s largest holdings to adopt shareholder-friendly practices.”

This campaign combatting closeted corporate computations has garnered the attention of numerous other news outlets, including Fox Business; Value Walk; CNBC, and the WSJ.

This level of activist asset management is uncommon. Most asset managers shy away from saying too much to the companies they invest in, let alone set out to revolutionize much of corporate America.

But Larry Fink is a financial observer who isn't afraid of affecting the financial phenomena he observes.

Is there an equation for quantifying the investing value of being a pain in the neck? Would it be 3-year fund performance, a risk rating or perhaps an analyst grade?

Whatever it would be, it's certainly worth calculating. 

Edited by: Ning Zhou


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