BlackRock triples spending on security for CEO Larry Fink due to ESG backlash
BlackRock(BLK) New York Post·2024-04-23 01:25
BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism for the asset manager’s commitment to investing in companies that promote controversial ESG strategies.The world’s largest fund manager, with some $10.5 trillion in assets under its watch, filed a proxy statement with the Securities and Exchange Commission earlier this month that showed it spent $563,513 to “upgrade the home security systems” at Fink’s residences last yea ...