Louisiana to divest all Treasury funds from Blackrock before the end of the year
(media.greatawakening.win)
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Blackrock controls trillions of dollars of pensions, 401k funds and other investments from large and small organizations like the State of Louisiana.
Because Blackrock controls so much wealth and invests into major companies, they control the CEOs and Boards of those companies. It's a "do as we say or we will sell 10% of your stock and crash your stock price--resulting in no performance bonus for you.
Because Blackrock is so big, they can move the market, meaning other investment firms follow their advice. If Blackrock says they're going to sell AAPL, everyone else will try to sell AAPL first to avoid the losses. This amplifies the prior mentioned control effect.
Blackrock promoted the stupid ESG report standards for corporate Extermination, Stupidity, and Grift (you can look up the real meaning if you are curious) that all CEOs and Boards are contorting over themselves to comply with so Blackrock continues recommending their stock for investment. This has resulted in a ton of bad strategic moves to comply with Blackrock demands rather than building great products and services.
Pulling funds out of Blackrock and putting them under some other firms management (or managing them yourself) is the ONLY way we can say fuck you to Blackrock.