@WillHild - Will Hild
BREAKING: @BlackRock is in major trouble 👇 Today, a seismic shift has happened in the antitrust case brought against the ESG asset manager cartel of @BlackRock, @StateStreet, and @Vanguard_Group. @Vanguard_Group is admitting defeat, agreeing to settle the lawsuit brought by a coalition of State Attorneys General, led by @KenPaxtonTX. As part of the settlement they will pay $30 million in fines, turn over all documents related to their coordinated ESG activism, and end all ESG activism for years to come. This is a massive win. The reckoning is here. This settlement with Vanguard is a major blow to the ESG asset manager cartel that sets the stage for more to come. The Attorneys General sought and got long overdue accountability and a massive course correction from Vanguard. BlackRock CEO Larry Fink should be extremely worried about what could be uncovered next, and who's going to fold next. If State Street folds and admits defeat as well, he will be left on an island on his own.
@WillHild - Will Hild
BREAKING: @BlackRock is in major trouble 👇 Today, a seismic shift has happened in the antitrust case brought against the ESG asset manager cartel of @BlackRock, @StateStreet, and @Vanguard_Group. @Vanguard_Group is admitting defeat, agreeing to settle the lawsuit brought by a coalition of State Attorneys General, led by @KenPaxtonTX. As part of the settlement they will pay $30 million in fines, turn over all documents related to their coordinated ESG activism, and end all ESG activism for years to come. This is a massive win. The reckoning is here. This settlement with Vanguard is a major blow to the ESG asset manager cartel that sets the stage for more to come. The Attorneys General sought and got long overdue accountability and a massive course correction from Vanguard. BlackRock CEO Larry Fink should be extremely worried about what could be uncovered next, and who's going to fold next. If State Street folds and admits defeat as well, he will be left on an island on his own.