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We are pushing for change in behaviors at BlackRock by increasing diversity. 54% of new hires are women, and we have added 4 more points to diverse employment. If impact levels are not met, compensation may be affected. We are focused on forcing behaviors to improve gender, race, and team composition. It's not just about recruiting, but also about development. Progress may take time, but we are surprised by the lack of opportunities. Behaviors must be enforced to see change.

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Climate change is an existential threat that we all recognize, but addressing it creates value. Society increasingly values achieving net zero, spurred by sustainable development goals, the Paris agreement, social movements, and government action. Companies and investors who are part of the solution will be rewarded, while those lagging behind will be punished. Investing in new technologies and changing business practices to reduce and eliminate climate change is vital.

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Update on the World Economic Forum: Klaus Schwab stepped down; the Nestle guy who believed that water wasn't a human right stepped in as co-chair, and now he's gone. We have somebody else moving in there. BlackRock, the world's largest asset manager, runs almost $12 trillion in assets in 2024. Larry Fink points those assets toward new technologies and informs investors where the next opportunities are going to be; "The faster that we could find ways to mitigating the rising temperatures... we don't have much time... we need to be learning about these new, the new technologies and how to move forward. And as Bill Bill in his book wrote about, we we need to employ $50,000,000,000,000 to get to a to a green world." A critic counters: "$50,000,000,000,000 of taxpayer money towards an absolute disastrous hoax that only makes us richer." "Anybody who hatches a scheme that has Bill Gates laughing like a Scooby Doo villain should really alarm people at that point." "Behaviors are gonna have to change... At BlackRock, we are forcing behaviors." Missouri AG Andrew Bailey filed suit against BlackRock, State Street and Vanguard for illegally manipulating the energy markets, stating: "Over several years, the three asset managers acquired substantial stock holdings in every significant publicly held coal producer in The United States, thereby gaining the power to control the policies of the coal companies. Using their combined influence of the coal market, the investment cartel collectively announced in 2021 their commitment to weaponize their shares to pressure the coal companies to accommodate green energy goals." The piece notes that while some pause exists, "This is going full speed ahead."

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Companies need to change their behaviors, and at BlackRock, they are taking action to enforce this. They are implementing measures where employees' compensation could be affected if they do not achieve the desired levels of impact. This applies to various aspects, such as gender, race, or the composition of teams. The focus is on forcing behaviors to bring about the necessary changes.

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The speaker asserts that forcing behaviors is necessary to achieve desired team compositions, regarding gender, race, or any other factor. They state that without actively forcing change, the desired outcomes will not be achieved. The speaker concludes by stating that at BlackRock, they are actively forcing behaviors.

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We prioritize diversity and inclusion in our investment criteria at BlackRock. We are actively pushing for change by setting targets for gender and racial diversity. If these targets are not met, it can impact compensation. We are focused on not just recruiting, but also developing a diverse team. It's surprising that more progress hasn't been made, so we are committed to driving change forcefully.

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BlackRock is emphasizing the need for companies to change their behaviors and increase diversity. They are taking action by hiring more women and increasing diverse employment. Internally, they are linking compensation to achieving diversity goals. BlackRock believes that if companies do not force behaviors to improve gender, race, or team composition, they will face consequences. They acknowledge that progress will take time, but they are surprised that more opportunities for diversity have not emerged.

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We prioritize diversity as an investment criteria. At BlackRock, we enforce diversity by having 54% women in our new hires. We set goals for diverse employment and tie them to compensation. If these goals aren't met, there will be consequences. We believe in forcing behaviors to drive change in gender, race, and team composition. It's not just about recruiting, but also about development. We are surprised by the lack of progress and are committed to making change happen.

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There's skepticism about ESG and sustainable labels, which is why we're focused on net zero. We can't stabilize the climate without achieving it. It's simple: emissions either increase or decrease. If they're decreasing, are they doing so in line with scientific standards? We're basing this on the same science used by the UN and others for the 1.5-degree objectives. These are hard numbers, not subjective opinions.

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We are emphasizing the need for behavior change to promote diversity. At BlackRock, we are actively increasing the number of women in our workforce and setting diversity goals. Failure to meet these targets may impact compensation. We are committed to driving change in gender, race, and team composition. It is not just about recruitment but also about development. We are surprised by the lack of progress and are determined to push for change.

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Major asset managers like BlackRock, State Street, and Vanguard have been using their clients' money to influence companies' decisions. For instance, Apple was pressured into adopting a racial equity audit when a majority of its shareholders voted for it. Similarly, Chevron had to change its policies on emissions after these asset managers voted in favor of a emissions cap. While reducing emissions and promoting diversity in the boardroom may have merit, it is questionable to impose these agendas on companies that may not have wanted them. The primary responsibility of asset managers and corporate boards should be to prioritize the financial interests of their clients and shareholders.

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BlackRock is implementing investment criteria that includes forcing behaviors to promote diversity. They have added 4 more points in terms of diverse employment this year, with 54% of the incoming class being diverse. Internally, if employees fail to achieve these impact levels, their compensation may be affected. This approach applies to all aspects of diversity, including gender, race, and team composition. It is not limited to recruitment but also extends to development.

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We are pushing for change in behavior at BlackRock by increasing diversity. 54% of new hires are women, and we set goals for diverse hiring. If these goals aren't met, compensation may be affected. We must push for change in gender, race, and team composition. It's not just about recruiting, but also development. Progress will take time, but we are surprised by the lack of it so far.

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Forcing behaviors is crucial to achieving diversity and inclusion in teams, regardless of gender, race, or composition. It goes beyond recruitment and extends to development. However, implementing change can be slow and gradual. BlackRock has been a leader in the ESG movement, but even they face challenges. To drive more radical change, it is necessary to embed diversity and inclusion in the firm's culture. This involves open discussions, consistent behaviors across regions, and a clear understanding of acceptable and unacceptable behaviors by all members of the firm.

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It's good that environmental, social, and governance (ESG) labels face scrutiny and healthy skepticism. This is a key reason we are so focused on net zero. We can't stabilize the climate without achieving net zero; it's that simple. Emissions either increase or decrease. If decreasing, are they doing so at a rate consistent with scientific findings? We're basing our approach on the same science that the UN and others use for their one-and-a-half-degree objectives.

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Forcing behaviors is crucial to achieving diversity and inclusion in teams, regardless of gender, race, or composition. It goes beyond recruitment and also involves development. However, the process of change can be slow and incremental. The speakers, including Larry from BlackRock and Ken, discuss the need for more radical approaches to enhance diversity and inclusion. They suggest that cultural transformation within a firm is essential, where discussions and demonstrations of acceptable behaviors are widespread and consistent across regions. Every member of the firm should understand what behaviors are acceptable and unacceptable.

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Mister Fink, will you follow Trump's plan to eliminate DEI and ESG in your companies? BlackRock seems authoritarian and unaccountable. Have you spoken to Trump since his election? Why are your bodyguards pushing journalists? Many states are divesting from your ESG schemes, which raises questions about your loyalty to shareholders. Do you feel above accountability? Why do you think BlackRock is so disliked? Are you planning to run for office? Your bodyguards' behavior suggests a lack of respect for the public. What’s your end game? You seem to control both sides of politics from behind the scenes. Your actions, including taking photos of journalists, reflect a troubling mindset. We are here to ask questions about BlackRock, and we won’t stop.

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Mister Fink, will you follow Trump’s plan to eliminate DEI and ESG in your companies? BlackRock seems authoritarian and unaccountable. Have you spoken to Trump since his election? Why do you avoid answering questions? Is peace or war more profitable for you? Many states are divesting from your ESG initiatives; is this disloyal to shareholders? Why do you think BlackRock is so disliked? What politicians have you met with? Your bodyguards seem aggressive toward journalists; is that typical for you? You took photos of us—does that intimidate? Are you above accountability? What’s next for you? Will you run for office? Your behavior suggests you believe you can control everything from the outside. We’re here to ask questions, and we’ll continue to do so. Check out our reports from Davos.

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ExxonMobil is going to court to prevent shareholders from voting on climate resolutions. This highlights the control that BlackRock has over the stock market as one of the top shareholders in many companies. The power of shares lies in their voting rights, not just the money they represent. Oil companies like Shell and ExxonMobil have faced pressure from institutional investors to adopt climate resolutions. ExxonMobil is now trying to block a proposal for scope 3 commitments. The case was initially assigned to a judge with ties to ExxonMobil, but he recused himself. The oil industry's influence in Texas, where the companies are based, is a concern. While alternatives to oil exist, they also have climate issues. Capitalism, though flawed, offers opportunities for regular people to have a voice and create change.

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The conversation centers on a perceived collision of finance, politics, and ideology at the highest level, framing a looming “great reset” as a plan to control money, freedom of movement, and human existence. Tucker Carlson’s interview with Alex Jones is described as opening a door to a topic mainstream outlets avoid, with the question posed: how much time remains before the great reset becomes reality? Key claims and points discussed: - The global elite, including Goldman Sachs, JP Morgan, the IMF, the World Bank, and the World Economic Forum, are portrayed as deciding in the last few years to “deal with monetary debt worldwide” through inflation, affecting corporate, governmental, and individual debt, with Trump’s stance described as accepting inflation alongside expansion of goods. - The Great Reset is depicted as a plan by leftist UN, WEF elements to implement post-industrial, carbon tax policies that will yield stagflation (high inflation with ongoing recession), described as a “perfect storm of hell on earth.” - The globalists allegedly want to create a worldwide system of “more manageable slaves” by breaking down borders, lowering all levels of economic status, and establishing small and rural city-states (reminiscent of a Hunger Games scenario) while tech and medicine are centralized above a devalued population; this is presented as the official policy for 2030. - Depopulation and resource restriction are asserted as deliberate strategies to crash the world economy, enable bank loans to fund a new cashless system, and implement a social credit system. Carbon lockdowns and 15-minute cities are described as tools for totalitarian control. - The UN’s and globalists’ aim is claimed to be feudalism or neo-feudal capitalism, a system where a few elites retain rights while others are stripped of them, an economic model presented as the oldest form of government being revived. - Elon Musk is cited as recognizing the existential threat, and the importance of mobilizing political and legislative action is emphasized. - The dialogue highlights high-level influence over policy, including John Kerry’s statements on cutting global farming, and the actions of global financial players like BlackRock. The depiction is that BlackRock’s influence over investment and ESG policies is being challenged by state-level pushback. - Recent legal and political countermeasures are noted: attorney generals winning cases in Texas and elsewhere against BlackRock’s climate and fossil-fuel initiatives; states pulling pension funds from BlackRock; public admissions from Larry Fink and shifts away from certain ESG directives in some regions. - The overarching narrative asserts that the aim is to demoralize free Western societies, to consolidate global power, and to ensure there is nowhere for free societies to escape to, thereby reinforcing a globalist control structure. Overall, the discussion portrays a globalist scheme involving monetary manipulation, demographic and political restructuring, and technological and legal controls intended to establish a new world order, with mainstream opposition framed as insufficient and the West needing to resist to preserve freedom.

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Speaker 0: The argument is that BlackRock, by unlocking and taking control of as many natural assets as possible that aren't currently part of the financial system, can deepen and expand its control over not just people in the existing financial system, but really over the natural world as well and essentially turn everything alive into a tradable Wall Street financial product. The goal, as described for Larry Fink in particular, is to develop new asset classes that can be used to fuel their existing business model and perpetuate it for millennia forward. One idea discussed for years is natural assets, what they call nature's economy—actual assets as possible that aren't currently part of the financial system—as a way to perpetuate what they do and broaden their control over the natural world, turning the natural world into tradable financial products. The supposed plan includes having all of this on a universal ledger on blockchain, presumably, and making it trackable and surveillable, so that it can be surveillable and automated. In this framework, Larry Fink would have his risk management AI—Aladdin—exercise control over these assets in unprecedented ways, to serve their benefit. Concurrently, there is movement toward a new financial governance system that pushes infrastructure toward a “green model” or decarbonization. The broader aim of the global carbon market, according to the narrative, is to unlock many new assets and far more collateral, enabling the creation of new debt and expanding the existing models to unprecedented levels, effectively perpetuating them indefinitely. A central feature of the natural asset concept, at least in the natural asset corporation model, is that you identify a natural asset such as a forest, river, or lake, and then, at no cost to you, you issue shares in that natural asset and sell those shares. The implication is that you can point to something in the natural world and declare it yours, fractionalize it, and generate money almost out of thin air by selling those shares. The natural world is vast, and the claim is that they’re financializing it all, framing it as the only way to save the planet. But really, it’s the only way for them to save their insane debt racket.

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Publicly traded companies like Pepsi, Nike, and Starbucks are in billions of dollars of debt. To maximize profit, CEOs take on debt to open new markets, then make more stock available to the public. Investment firms like BlackRock, Vanguard, and State Street buy the stock, gaining enough ownership to influence corporate boards. Board members are aware that firms like BlackRock can replace them if they don't comply. BlackRock demands companies practice ESG, pushing climate change and social agendas. Failure to comply can result in the removal of board members and the CEO. Private companies like X and Bass Pro Shop are protected from this influence. Elon Musk made X a private company, preventing firms like BlackRock from leveraging it. Bass Pro Shop, controlled by its founder, doesn't promote social agendas. The speaker advocates supporting private companies and promotes his private homeschool community and books on topics like the Bill of Rights, free speech, and ESG.

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BlackRock is allegedly mutilating children for profit through their ownership of Eli Lilly, a health care company specializing in gender affirming care for minors. This care purportedly includes surgical procedures on children as young as 10 who identify as the opposite gender. BlackRock has allegedly profited $771,000,000 from holding Eli Lilly stock over the past five years. The speaker intends to invest in stocks held by BlackRock due to their profitability, suggesting others do the same via borgfinance.com.

a16z Podcast

a16z Podcast | Platforming the Future
Guests: Benedict Evans, Tim O'Reilly
reSee.it Podcast Summary
Benedict Evans hosts Tim O'Reilly to discuss his book "WTF," which explores the evolution of technology platforms over the past 35-40 years. O'Reilly highlights the dual nature of technology, evoking both amazement and horror. He examines platforms like Uber, Lyft, and Airbnb, emphasizing the importance of creating a "thick market" to drive their economics. He critiques traditional taxi companies for misunderstanding the business model, noting that algorithms optimize for different outcomes, which can lead to unintended consequences, such as fake news. O'Reilly warns that platforms competing with their ecosystems can destabilize the market, leading to government scrutiny. He discusses the need for companies to balance profit motives with ecosystem health, drawing parallels between historical tech giants and current players like Google and Facebook. The conversation concludes with a call for a rethinking of economic systems, advocating for adjustments to ensure they serve broader societal needs rather than solely shareholder interests.

The Rubin Report

Why Companies Went Woke — It's Not What You Think | Vivek Ramaswamy | POLITICS | Rubin Report
Guests: Vivek Ramaswamy
reSee.it Podcast Summary
Wall Street transformed from a villain post-2008 crisis to a champion of social causes by embracing diversity and inclusion, leading to the rise of "woke Inc." This partnership between big business and the neo-progressive movement was mutually beneficial but ultimately cynical. Vivek Ramaswamy, co-founder of Strive Asset Management and author of *Nation of Victims*, shares his immigrant background and journey from biotech to addressing cultural issues. He argues that wokeness became entrenched in capitalism after the financial crisis, fueled by corporate interests seeking to align with social agendas. Ramaswamy critiques the ESG movement, asserting it allows corporations to push political agendas under the guise of social responsibility, often against shareholder interests. He emphasizes the need for a cultural shift away from victimhood towards a meritocratic identity, reflecting on how generational wealth transfer has fostered a culture of self-criticism. Strive aims to challenge the status quo by promoting shareholder interests focused on excellence rather than social agendas, exemplified by their U.S. energy index fund, which encourages companies to prioritize success without apology. Ramaswamy believes market solutions are vital for restoring corporate integrity and cultural identity.
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