urbanrifleman
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AS an investor, they absolutely have some influence on the direction, but to what extent? Especially on product development, manufacturing, and distribution/pricing? They control what, 16% of total stock?
Black Rock is above all else, is about wanting to maximize profit on their investments. Their involvement/promotion of ESG/BLM and other left wing ideology is beginning to hurt them. The last quarterly financial conference call by Larry Fink touched on that. Multiple states have pulled their pension fun money from them already.
The real problem really begins when an entity is able to control the direction of the company and has no internal opposition.
Kind of like the Republican and Democrat parties....
They control the board which tells the management what to do.
And it's more like 30 to 40 percent is controlled by 3 Wall Street firms which are most likely one firm and actually not in competition, but are using satellites to avoid SEC anti trust rules.
Long story short, wall Street firms are not nationlist. They are internationalist. And they have owners that have no particular loyalty to the US, historically.
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