BlackRock aims to 'reset behavioural expectations' amid misconduct claims

CEO Fink pledges more action on diversity

Pedro Gonçalves
clock • 1 min read

BlackRock's CEO Larry Fink has said the asset manager's high-performance culture "is not perfect" as he pledged to reset "behavioural expectations" amid harassment allegations.

"Just as we ask of other companies, we have a long-term strategy aimed at improving diversity, equity and inclusion," Fink wrote in a letter to shareholders. "I know our culture is not perfect," Fink added. "It depends on the contribution of 16,500 individuals. And in some cases, certain employees have not upheld BlackRock's standards. "I have made it clear to employees that we want to know when that happens, and those individuals don't have a place at BlackRock." Fink acknowledged that BlackRock, the world's largest asset manager, is embroiled in some broader cultural problems, an...

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