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Joe Nocera

It's Hard for an Index-Fund Guy to Push Social Change

BlackRock's chairman has an admirable history of advocating corporate responsibility. Too bad he's not in a position to do more.
He has investors to worry about.

He has investors to worry about.

Photographer: Michael Nagle/Bloomberg

BlackRock’s Laurence Fink is at it again, posting his latest open letter to the nation’s chief executives on Tuesday full of ambitious-sounding ideas for improving corporate governance.

If you look at his letters chronologically, you can track how his thinking has evolved.