Between a Blackrock and a hard place: consequences of corporate social activism
With the stock market down nearly 20 percent year-to-date in 2022, investors are paying close attention to the financial performance of their portfolios: seeking to protect 401Ks, looking for safe havens and trusting that their fiduciary asset managers are making the right decisions with ever-shrinking nest eggs.
The last thing any investor would want now is for asset managers to be investing in companies for any reason other than to maximize financial return.