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Your 2021 annual CEO letter to all CEOs in the BlackRock portfolio was an eloquent statement articulating the existential issues confronting the entire economy and global society. What it lacks is an implementation plan. You are like a firefighter, standing in front of a burning house with a fully charged fire hose in hand, describing the conflagration in exquisite detail. Then asking all of us to go find a bucket and form a bucket brigade.
As I read the letter I wondered, how does a person who has spent his entire life amassing so much power fail to understand how to use it to solve the very problems you have identified?
As CEO of the non-profit advocacy organisation As You Sow, I have tried to help you catalyze change by filing a shareholder resolution asking how BlackRock plans to implement your commit…