February 18, 2022
With the short pronouncement in his most recent annual letter that “stakeholder capitalism is capitalism,” Larry Fink may have single-handedly moved the conversation about stakeholder capitalism to the fore in the investment arena. There’s a lot that has already been written on what Mr. Fink didn’t say in his letter and critics can be forgiven for calling out a lot of his letter’s shortcomings (aka, talk is cheap and he’s pretty much leaving the real, hard work up to the rest of us). Yes to all of that.