Larry Fink is one of the most powerful players in global finance. The 63-year-old former securities trader cofounded and still runs the world’s biggest money-management firm, BlackRock, which controls assets approaching $5 trillion. And he’s on HBR’s 2015 list of the world’s top-performing CEOs. But what truly sets Fink apart is his desire to change the very financial system that made him who he is.
“I’m Not Talking About This to Win a Popularity Contest”: An Interview with Larry Fink
BlackRock’s CEO on the dangers of short-termism
From the Magazine (November 2015)
· Long read
Summary.
One of the most powerful players in global finance, Larry Fink also stands out for his desire to change the very system that made him who he is. He has frequently spoken out about the perils of short-term thinking, especially on Wall Street, and in April 2015 he sent a letter to the world’s leading CEOs urging them to ignore their activist shareholders and focus instead on the long-term health of their companies. In this interview with HBR’s editor in chief, Fink expands on those ideas and talks about changing the tax code for capital gains, rethinking fiduciary responsibility, the role of government, and what makes companies great.
A version of this article appeared in the November 2015 issue (pp.120–125) of Harvard Business Review.