BlackRock CEO Tells Business Leaders: “Contribute to Society, or Risk Losing Our Support”

In a powerful example of the thinking around which the Satell Institute was founded and operates, Laurence D. Fink, founder and chief executive of the investment firm BlackRock, informed business leaders that their companies need to contribute to society if they want to receive the support of BlackRock. Mr. Fink has changed the conversation, mandating CSR and making it a requirement for investors. Below is an excerpt of the article, written by Andrew Ross Sorkin, that appeared in the New York Times on January 16.