\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

On the tyrrany of Blackrock's shareholder propsals

https://www.wsj.com/articles/blackrock-at-odds-with-warren-b...
low-t cruise ship quadroon
  05/06/21
Larry Fink is a piece of shit
Supple orchid nibblets
  05/06/21
Also just dumb. He is the dumbest most useless piece of shit...
Arousing church building internal respiration
  05/06/21
...
Bat-shit-crazy poppy market rigor
  11/07/21
shalom, fellow progressive financier oligarchs! anyone else ...
Exhilarant medicated field hominid
  05/06/21
...
Sepia roommate depressive
  06/18/22
...
cerebral sable gas station
  06/02/23
...
low-t cruise ship quadroon
  05/06/21
glad this is finally getting mainstream attention
Narrow-minded Learning Disabled Patrolman Death Wish
  05/06/21
...
Disrespectful digit ratio piazza
  05/06/21
...
galvanic buck-toothed background story step-uncle's house
  05/06/21
yea we need some new laws on this shit, pronto
Effete Avocado Theater Stage Queen Of The Night
  05/06/21
when will we stop calling them “liberals?” th...
180 Psychic Church
  05/06/21
I’ve been calling them “the Left” for a de...
Disrespectful digit ratio piazza
  05/06/21
more or less same here, but WSJ still calling them liberals ...
180 Psychic Church
  05/06/21
Liberalism and Libertarianism remain the same at their heart...
galvanic buck-toothed background story step-uncle's house
  06/02/23
Solzhenitsyn: "You must understand, the leading Bolshev...
Dashing dog poop
  06/02/23
...
cerebral sable gas station
  06/02/23
...
haunting hairraiser set
  06/02/23
Yes, Blackrock is actively trying to advance a Leninist-styl...
He flexed his right muscle.
  03/25/25
No SEC no-action letter could save them?
Naked corn cake
  05/06/21
...
low-t cruise ship quadroon
  05/06/21
They know exactly what they’re doing and their alums j...
peach meetinghouse kitty
  05/06/21
...
low-t cruise ship quadroon
  05/07/21
Its actually very hard to have a proxy fight. Most proxy fig...
Naked corn cake
  05/07/21
Dude, literally every public corporation now spends 30% of t...
Supple orchid nibblets
  05/07/21
...
mahogany embarrassed to the bone home
  05/07/21
ESG and DEI are catnip for soft thinkers who don’t rea...
peach meetinghouse kitty
  05/07/21
...
Bat-shit-crazy poppy market rigor
  11/07/21
...
opaque multi-billionaire
  11/07/21
...
Mind-boggling Ungodly Wagecucks
  11/07/21
...
low-t cruise ship quadroon
  05/28/21
Lol at thinking “the law” is going to fix this ...
Exhilarant medicated field hominid
  05/28/21
...
Sepia roommate depressive
  06/18/22
...
low-t cruise ship quadroon
  07/17/21
lmao at these frauds pushing all this bullshit woke ESG garb...
Curious Green Abode
  07/17/21
...
low-t cruise ship quadroon
  11/07/21
...
low-t cruise ship quadroon
  03/30/22
They're actually making a move to change this and let invest...
low-t cruise ship quadroon
  06/18/22
...
Arousing church building internal respiration
  06/18/22
...
low-t cruise ship quadroon
  09/30/22
...
low-t cruise ship quadroon
  06/02/23
That's not even true. The ETF itself owns the shares it vot...
wonderful yarmulke
  06/02/23
This is sophistry, whatever vehicle it is, it disinter-media...
low-t cruise ship quadroon
  06/05/23
instead of whining about this shit, why not have conservativ...
glittery scourge upon the earth garrison
  06/02/23
karen, please wash your pussy. it smells like casu marzu....
crystalline vengeful theater
  06/02/23
Wonder to what extent the companies affected do not affect B...
stirring insanely creepy hairy legs lettuce
  06/02/23
...
low-t cruise ship quadroon
  12/26/23
...
Refunkulus
  03/25/25


Poast new message in this thread



Reply Favorite

Date: May 6th, 2021 11:29 AM
Author: low-t cruise ship quadroon

https://www.wsj.com/articles/blackrock-at-odds-with-warren-buffetts-berkshire-hathaway-over-disclosures-11620306010

Blackrock has been pushing for Diversity and Climate change initiatives through shareholder proposals. However Blackrock, through iShares and other ETF/Index products, does not in fact own any of the shares that they vote, as these shares are owned by clients of the firm that own products produced by Blackrock. Yet they vote the shares and thus exert a significant amount of control and determination over publicly traded companies that do not have a majority shareholder (meaning a huge amount of the publicly traded businesses out there)

Berkshire Hathaway was able to fend off Blackrock, but many companies were not and have not been able to and will eventually succumb or be subsumed to the whims of these unelected controllers in a distant office far, far away from the headquarters and communities that are affected by these shareholder votes and proposals.

This behavior also goes on with state run California Pension Funds (CALPERS and CALSTRS) as well as endowment funds of elite universities such as Harvard, Yale and Stanford.

This behavior has created an unelected (by shareholder laws) shadow superstructure of political ideology in the private sphere, which ultimately leaks out into and influences social behavior (advertising, products, media type and of course campaign contributions to politicians, foundations and causes) which inevitably impacts the way our government is run.

This is one of the purest most essential perversions of the capitalistic structure of society as it produces disintermediation between ownership and voting capability, creating aggregated power in the hands of few individuals who through undemocratic means, control the fate of an enormous amount of our nations productive capacity and capital. Worse still; this behavior is also difficult to curtail given the substantial protections afforded by the United States to the private sector. If explained using a biological framework, this behavior is cancerous.

As a result of this disintermediation, Blackrock and ideologically influenced entities like it (Pension Funds, Endowment funds of universities) wields a disproportionate power relative to actual economic ownership and has been aggressively using their power to push for increasingly liberal policies across the corporate landscape.

This type of behavior is extremely pernicious and, over the long term, represents the merger between identity politics and High Finance/Wall Street - much in the same manner that Wall Street manages large university endowments, which then collaborate to use their tax advantages money (a huge advantage for investors) to consolidate power and influence the course of this nation.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411914)



Reply Favorite

Date: May 6th, 2021 11:34 AM
Author: Supple orchid nibblets

Larry Fink is a piece of shit

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411931)



Reply Favorite

Date: May 6th, 2021 2:48 PM
Author: Arousing church building internal respiration

Also just dumb. He is the dumbest most useless piece of shit on Wall Street, and he stumbled into a position of corporate governance czar.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413035)



Reply Favorite

Date: November 7th, 2021 10:31 AM
Author: Bat-shit-crazy poppy market rigor



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400813)



Reply Favorite

Date: May 6th, 2021 11:43 AM
Author: Exhilarant medicated field hominid

shalom, fellow progressive financier oligarchs! anyone else here really concerned with and earnest about "social justice" that seems suspiciously like ethnic warfare against the native population?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42411990)



Reply Favorite

Date: June 18th, 2022 2:01 PM
Author: Sepia roommate depressive



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704556)



Reply Favorite

Date: June 2nd, 2023 11:10 AM
Author: cerebral sable gas station



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382744)



Reply Favorite

Date: May 6th, 2021 2:43 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413003)



Reply Favorite

Date: May 6th, 2021 2:45 PM
Author: Narrow-minded Learning Disabled Patrolman Death Wish

glad this is finally getting mainstream attention

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413014)



Reply Favorite

Date: May 6th, 2021 2:46 PM
Author: Disrespectful digit ratio piazza



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413026)



Reply Favorite

Date: May 6th, 2021 3:00 PM
Author: galvanic buck-toothed background story step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413106)



Reply Favorite

Date: May 6th, 2021 2:45 PM
Author: Effete Avocado Theater Stage Queen Of The Night

yea we need some new laws on this shit, pronto

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413016)



Reply Favorite

Date: May 6th, 2021 2:46 PM
Author: 180 Psychic Church

when will we stop calling them “liberals?”

these are not liberal policies they are left wing / Leninist ones

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413023)



Reply Favorite

Date: May 6th, 2021 2:50 PM
Author: Disrespectful digit ratio piazza

I’ve been calling them “the Left” for a decade for this reason

“US” “liberals” have very little to do with real classical liberals, they stole the word “liberal” decades ago as cover for illiberal left wing positions = skin suit

it’s why actual classical liberals had to make up the word “libertarian” because the Left stole the word “liberal” (although libertarians later also went a bit kooky)

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413049)



Reply Favorite

Date: May 6th, 2021 3:15 PM
Author: 180 Psychic Church

more or less same here, but WSJ still calling them liberals like it’s 2003 or something

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413182)



Reply Favorite

Date: June 2nd, 2023 11:51 AM
Author: galvanic buck-toothed background story step-uncle's house

Liberalism and Libertarianism remain the same at their heart. Totalitarian ideology that thinks it has the answer for everything and believes that utopia will be achieved if it’s Vision to transform society is implemented quickly.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382885)



Reply Favorite

Date: June 2nd, 2023 11:16 AM
Author: Dashing dog poop

Solzhenitsyn: "You must understand, the leading Bolsheviks who took over Russia were not Russians. They hated Russians. They hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse. It cannot be overstated."

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382763)



Reply Favorite

Date: June 2nd, 2023 11:17 AM
Author: cerebral sable gas station



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382770)



Reply Favorite

Date: June 2nd, 2023 11:59 AM
Author: haunting hairraiser set



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382910)



Reply Favorite

Date: March 25th, 2025 12:29 PM
Author: He flexed his right muscle.

Yes, Blackrock is actively trying to advance a Leninist-style dictatorship of the proletariat and transfer the means of production to the workers. This is a very smart statement that someone with a clear understanding of actual Marxist theory would say.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780718)



Reply Favorite

Date: May 6th, 2021 2:51 PM
Author: Naked corn cake

No SEC no-action letter could save them?

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413055)



Reply Favorite

Date: May 6th, 2021 4:19 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413590)



Reply Favorite

Date: May 6th, 2021 4:29 PM
Author: peach meetinghouse kitty

They know exactly what they’re doing and their alums joined the Biden admin to run economic policy much the same way.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42413676)



Reply Favorite

Date: May 7th, 2021 12:50 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419217)



Reply Favorite

Date: May 7th, 2021 1:55 PM
Author: Naked corn cake

Its actually very hard to have a proxy fight. Most proxy fights like this are killed by way of SEC no-action letters. Maybe 1 in 5 proposals raised by a Blackrock end up making it onto a proxy. They have a horrible record of getting raped by the SEC the last few years. Of course, you dont want to piss off a Blackrock by going the no-action route so a lot of shit gets settled behind the scenes but you can read the no-action shit online if you feel like being bored to tears...

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419582)



Reply Favorite

Date: May 7th, 2021 2:12 PM
Author: Supple orchid nibblets

Dude, literally every public corporation now spends 30% of their time on carbon emissions and increasing their # of black employees because these ESG initiatives now DOMINATE

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419708)



Reply Favorite

Date: May 7th, 2021 2:16 PM
Author: mahogany embarrassed to the bone home



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42419741)



Reply Favorite

Date: May 7th, 2021 3:48 PM
Author: peach meetinghouse kitty

ESG and DEI are catnip for soft thinkers who don’t really know how to add value.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42420362)



Reply Favorite

Date: November 7th, 2021 10:32 AM
Author: Bat-shit-crazy poppy market rigor



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400817)



Reply Favorite

Date: November 7th, 2021 10:38 AM
Author: opaque multi-billionaire



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400847)



Reply Favorite

Date: November 7th, 2021 12:03 PM
Author: Mind-boggling Ungodly Wagecucks



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43401211)



Reply Favorite

Date: May 28th, 2021 12:30 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535481)



Reply Favorite

Date: May 28th, 2021 12:31 PM
Author: Exhilarant medicated field hominid

Lol at thinking “the law” is going to fix this

We just have to kill these people. In real life, not in Minecraft

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42535490)



Reply Favorite

Date: June 18th, 2022 2:01 PM
Author: Sepia roommate depressive



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704561)



Reply Favorite

Date: July 17th, 2021 2:37 AM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795893)



Reply Favorite

Date: July 17th, 2021 2:39 AM
Author: Curious Green Abode

lmao at these frauds pushing all this bullshit woke ESG garbage instead of voting on behalf of investors to maximize profits

fuck this gay earth

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#42795904)



Reply Favorite

Date: November 7th, 2021 10:26 AM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#43400789)



Reply Favorite

Date: March 30th, 2022 7:48 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44248853)



Reply Favorite

Date: June 18th, 2022 12:21 PM
Author: low-t cruise ship quadroon

They're actually making a move to change this and let investors vote the shares on a pass through basis now. Crazy.

Not enough but a good step in the right direction.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704145)



Reply Favorite

Date: June 18th, 2022 2:16 PM
Author: Arousing church building internal respiration



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#44704613)



Reply Favorite

Date: September 30th, 2022 4:48 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#45258425)



Reply Favorite

Date: June 2nd, 2023 10:42 AM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382647)



Reply Favorite

Date: June 2nd, 2023 12:02 PM
Author: wonderful yarmulke

That's not even true. The ETF itself owns the shares it votes. Blackrock's customers don't own the shares.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46382925)



Reply Favorite

Date: June 5th, 2023 1:28 PM
Author: low-t cruise ship quadroon

This is sophistry, whatever vehicle it is, it disinter-mediates ownership and control of an entity. It’s basically like ballot harvesting on a massive scale and completely ignored by the population.

Shareholders already have a terrible track record of exercising the rights of their ownership, this has just made it worse by an order of magnitude.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46391821)



Reply Favorite

Date: June 2nd, 2023 12:49 PM
Author: glittery scourge upon the earth garrison

instead of whining about this shit, why not have conservative organizations also pool their capital and battle it out with their own ETFs voting for conservative causes? nobody's stopping them from doing that.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383099)



Reply Favorite

Date: June 2nd, 2023 1:12 PM
Author: crystalline vengeful theater

karen, please wash your pussy.

it smells like casu marzu.

gross.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46383164)



Reply Favorite

Date: June 2nd, 2023 7:19 PM
Author: stirring insanely creepy hairy legs lettuce

Wonder to what extent the companies affected do not affect Blackrock profits due to Blackrock owning the competition?

As in when Budweiser sales go down, competition sales go up.

(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#46384425)



Reply Favorite

Date: December 26th, 2023 7:05 PM
Author: low-t cruise ship quadroon



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#47216208)



Reply Favorite

Date: March 25th, 2025 12:25 PM
Author: Refunkulus (I Always Post Always TP)



(http://www.autoadmit.com/thread.php?thread_id=4827833&forum_id=2#48780709)