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Red, Blue and BlackRock: Larry Fink Navigates a Divided America

  • Billionaire’s ‘stakeholder capitalism’ spurs Texas backlash
  • Asset-management giant hires lobbyists to smooth over Austin
Larry Fink
Larry FinkPhotographer: Justin Chin/Bloomberg

From West Virginia coal country down to Trump-friendly Florida and out to the Texas energy patch, billionaire Larry Fink has a new headache: a red-state uprising.

More and more, BlackRock Inc., Fink’s $10-trillion asset-management giant, is confronting a Wall Street version of the clangorous divides in American politics.