Larry Fink’s Annual Letter To CEOs

Larry Fink's annual letter to CEOs is in danger of becoming an eagerly anticipated event. The boss of the world’s largest money manager, BlackRock, is perhaps not loved to quite the same degree as Warren Buffett, but he is respected and even – thanks to his epistles’ best efforts – somewhat feared.

Larry Fink

BlackRock is far from an activist – a Proxy Insight study from last week showed that it votes against management in say on pay resolutions just 9% of the time, and only 25% of the time Institutional Shareholder Services recommends that it should – but it has...