[EEGator]

As was stated by myself and many here, ESG is fiduciary negligence.

[Lou Foxwell]

This is an institution that does not need to exist but does so at the expense of countless grouops that would otherwise be independent.

[Vigilanteman]

In other news, BlackRock’s CEO is still a fink and a globalist.

[T Ruth]

According to a 2019 study in the Harvard Business Review, institutional investors—asset managers, insurance companies, banks, and state pension funds—owned 80 percent of the shares in the S&P 500 index of the United States’ largest companies.

“One of either BlackRock, Vanguard, or State Street is the largest shareholder in 88 percent of S&P 500 companies [and] they are the three largest owners of most DOW 30 companies,” the report states.

This is a downside to investing through mutual funds: you give up the right to vote your shares. Some indoctrinated 30-something votes your shares. The problem is becoming more serious.