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Arizona Treasurer Divests from BlackRock
over Political Activism, ESG Advocacy

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Posted By: Dreadnought, 12/8/2022 10:06:29 PM

Arizona Treasurer Kimberly Yee slammed BlackRock for moving “away from its fiduciary duty in general as an asset manager” and into “political activism.” “At the beginning of this year, I led in the national divestment effort to remove any exposure we had with BlackRock,” Yee said. She noted that her office “divested more than $543 million from BlackRock money market funds and reduced our direct exposure to BlackRock by 97% this year.” Arizona’s treasurer explained that divestment happened after the state Investment Risk Management Committee (IRMC) found that BlackRock CEO Larry Fink’s annual letters in recent years “began dictating to businesses

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Reply 1 - Posted by: Mizz Fixxit 12/8/2022 10:12:47 PM (No. 1352408)
Larry Fink is a despicable, thoroughly repulsive pile of trash.
13 people like this.

Reply 2 - Posted by: samoasam 12/8/2022 10:13:14 PM (No. 1352409)
Wonderful. Great. Fantastic. Good for Lee. Love it. BLACKROCK is a sham. And Fink is a Fink.
11 people like this.

Reply 3 - Posted by: stablemoney 12/8/2022 10:51:32 PM (No. 1352432)
Some good news from Arizona.
13 people like this.

Reply 4 - Posted by: TJ54 12/9/2022 9:13:47 AM (No. 1352694)
Several states, including Florida and Texas have also bounced Blackrock
4 people like this.

Reply 5 - Posted by: Tallgrass Palms 12/9/2022 10:32:47 AM (No. 1352795)
Way to go Arizona! You just rid yourself of a loser.
2 people like this.

Reply 6 - Posted by: DVC 12/9/2022 10:34:00 AM (No. 1352797)
#1 nails it. Fink is the perfect Rat Fink, right out of the 1970s.
3 people like this.

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