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BlackRock’s Wiedman Apologizes for ‘Clumsy and Misguided’ Cracks

  • Asset manager retains Paul, Weiss law firm to conduct a review
  • CEO Fink says in memo that such incidents ‘should not happen’
Mark Wiedman
Mark WiedmanPhotographer: Chris Goodney/Bloomberg

Mark Wiedman, BlackRock Inc.’s head of international and corporate strategy, apologized Monday for inappropriate remarks at past work events, adding to a broader imbroglio over discrimination at the firm.

BlackRock will enlist law firm Paul, Weiss, Rifkind, Wharton & Garrison to review the issue and other incidents to surface in recent weeks, and recommend improvements to internal procedures, Chief Executive Officer Larry Fink said in a memo to staff.