Years earlier, she had asked a boss if he would let his children fly on a plane with the litany of flaws and non-conformances he was urging her to “pencil-whip”: “Cindy, none of these planes are staying in America, they’re all going overseas,” he retorted, much to her horror.
Black Rock basically owns the entire stock market. Even the best intentioned companies eventually have to cave to fiduciary duty to shareholders.
Black Rock owns absolutely fuck-all. It only manages the 401ks of normal people like you and me, and STOLE OUR SHAREHOLDER VOTING RIGHTS.
Yeah these headlines always grind my gears. Even the equity they don’t steal, they leverage as if their own assets. They’re fucking mine and yours.
No, it really doesn’t. Assets under management (not owned) 11.5 trillion, while the American stock market alone is worth around 50.
That’s why going public is a sign the owners no longer care about the business and only care about fleecing us as much as possible.