"Larry Fink champions the long-term view, but many boards still don’t. BlackRock and other investors are in this for the money, as always. They are serving their fiduciary responsibility well. And thus I’m optimistic that action will continue, as the social responsibility argument increasingly lines up perfectly with the financial one.

Fink’s intentions and his letters do matter. But votes matter more...

"Larry Fink champions the long-term view, but many boards still don’t. BlackRock and other investors are in this for the money, as always. They are serving their fiduciary responsibility well. And thus I’m optimistic that action will continue, as the social responsibility argument increasingly lines up perfectly with the financial one.

Fink’s intentions and his letters do matter. But votes matter more...