How Republicans Are ‘Weaponizing’ Public Office Against Climate Action

A Times investigation revealed a coordinated effort by state treasurers to use government muscle and public funds to punish companies trying to reduce greenhouse gases.

#american-legislative-exchange-council, #banking-and-financial-institutions, #blackrock-inc, #boycotts, #coal, #conservatism-us-politics, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #heartland-institute, #heritage-foundation, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #republican-party, #state-financial-officers-foundation, #states-us, #united-states-economy, #united-states-politics-and-government, #west-virginia

How an Organized Republican Effort Punishes Companies for Climate Action

Legislators and their allies are running an aggressive campaign that uses public money and the law to pressure businesses they say are pushing “woke” causes.

#banking-and-financial-institutions, #blackrock-inc, #boycott-divestment-and-sanctions-bds, #colleges-and-universities, #corporate-social-responsibility, #environment, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #law-and-legislation, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #republican-party, #states-us, #united-states-economy, #united-states-politics-and-government

Big Business Will Not Save Us From Itself

There is no way to bypass the arduous, contentious work of building a politics that can sustain a better democracy. 

#blackrock-inc, #business-roundtable, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #great-depression-1930s, #income-inequality, #labor-and-jobs, #manchin-joe-iii, #organized-labor, #senate, #sinema-kyrsten, #strikes, #united-states, #united-states-chamber-of-commerce, #united-states-economy, #wages-and-salaries

Larry Fink’s Letter to CEOs Says Stakeholder Capitalism Is Not ‘Woke’

Larry Fink’s latest annual letter to corporate America clarifies, and defends, his approach to social and environmental issues at the world’s largest money manager.

#blackrock-inc, #corporate-social-responsibility, #fink-laurence-d

Buffett Weighs In on Tax-Free Philanthropy

The Berkshire Hathaway chief, who has given away billions, asks whether donations should keep their special status.

#bdt-capital-partners-llc, #blackrock-inc, #buffett-warren-e, #federal-home-loan-mortgage-corp-freddie-mac, #federal-housing-finance-agency, #federal-national-mortgage-assn-fannie-mae, #fink-laurence-d, #high-net-worth-individuals, #philanthropy, #trott-byron-d, #wolin-neal-s

Top U.S. Officials Consulted With BlackRock as Markets Melted Down

The world’s largest asset manager was central to the pandemic crisis response. Emails and calendar records underscore that critical role.

#banking-and-financial-institutions, #blackrock-inc, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-bank-of-new-york, #federal-reserve-system, #fink-laurence-d, #mnuchin-steven-t, #powell-jerome-h, #treasury-department, #united-states-economy, #united-states-politics-and-government

Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

Delta and Coca-Cola Reverse Course on Georgia Voting Law, Stating ‘Crystal Clear’ Opposition

Prominent Black executives had called on companies to publicly oppose a wave of similarly restrictive voting bills that Republicans are advancing in almost every state.

#bastian-edward-h, #black-people, #blackrock-inc, #chenault-kenneth-i, #coca-cola-company, #delta-air-lines-inc, #discrimination, #fink-laurence-d, #georgia, #law-and-legislation, #voter-fraud-election-fraud, #voter-registration-and-requirements, #walker-darren-1959

BlackRock’s Larry Fink Sets a Bolder Climate Goal in Annual Letter

Larry Fink is using his firm’s huge influence to pressure companies to eliminate greenhouse gas emissions by 2050.

#blackrock-inc, #carbon-caps-and-emissions-trading-programs, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #income-inequality, #stocks-and-bonds

Business Leaders, Drawn Into Fray by Trump, May Step Back Under Biden

Since President Trump took office, corporate America has been thrust into the culture wars like never before. The atmosphere would probably be different with a Biden administration.

#biden-joseph-r-jr, #box-inc, #business-roundtable, #corporate-social-responsibility, #fink-laurence-d, #levie-aaron-w, #presidential-election-of-2020, #trump-donald-j

C.E.O.s Pledge to Hire 100,000 Low-Income and Minority New Yorkers

A new nonprofit, the New York Jobs C.E.O. Council, will work with universities, the city and other groups to create new curriculums and apprenticeships over the next decade.

#city-university-of-new-york, #dimon-james, #fink-laurence-d, #labor-and-jobs, #mellow-gail-o, #minorities, #new-york-city, #nonprofit-organizations, #pichai-sundar, #unemployment

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.

#argentina, #blackrock-inc, #business-roundtable, #coronavirus-2019-ncov, #corporate-social-responsibility, #economic-conditions-and-trends, #fernandez-alberto-1959, #fink-laurence-d, #georgieva-kristalina-ivanova, #government-bonds, #gramercy-funds-management-llc, #international-monetary-fund, #macri-mauricio, #pensions-and-retirement-plans, #poverty, #stiglitz-joseph-e

Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

#american-airlines, #boeing-company, #buffett-warren-e, #business-roundtable, #coronavirus-aid-relief-and-economic-security-act-2020, #creed-greg, #davebusters-inc, #dimon-james, #fast-food-industry, #fink-laurence-d, #kentucky-fried-chicken, #mcdonalds-corporation, #papa-johns-international-inc, #restaurants, #stock-buybacks, #yum-brands-inc