 "BlackRock")
Larry Fink, chief executive of the world's biggest asset manager BlackRock Inc, late on Monday defended a shareholder movement that pushes companies to focus on the interests of society as well as profits.
In his annual open letter, Fink built on themes he has sounded in previous January missives to other CEOs, calling on them to find a purpose and to take account of issues like climate change as part of so-called stakeholder capitalism.
"Stakeholder capitalism is not about politics," Fink said in a letter, titled The Power of Capitalism. "It is not 'woke.' It is capitalism."
Fink also defended BlackRock's
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