Finance
BlackRock Faces Activist Proposal to Split CEO, Chairman Roles
- Bluebell Capital Partners sees ‘inherent conflict of interest’
- BlackRock cites Larry Fink’s decades of strategic leadership
Larry Fink
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Bluebell Capital Partners is escalating its activist campaign against BlackRock Inc. with a shareholder proposal to bar Larry Fink from serving as both chief executive officer and chairman.
The activist investor is seeking an overhaul of the board and calling for an independent chair to increase oversight, BlackRock said Thursday in its annual proxy filing.