In a Wall Street Journal op-ed titled “BlackRock’s Climate-Crusade Doubletalk,” entrepreneur Vivek Ramaswamy takes aim at BlackRock CEO Larry Fink’s annual letter urging corporate leaders to put their companies’ “purpose” as the “foundation” of their relationship with their stakeholders while also pursuing a climate change agenda favored by BlackRock.
Ramaswamy, the author Woke, Inc.: Inside Corporate America’s Social Justice Scam, writes that Fink “claims he wants CEOs to stay true to the purposes of the companies they run, while also demanding that they advance the corporate purposes that BlackRock favors. He can’t have it both ways.”
Ramaswamy offers clear examples of how a company’s primary “purpose” can be wildly at odds with the agenda of its major shareholders when BlackRock is the shareholder. He writes:
Take Exxon Mobil. In 2018 the…
