(ThePennyWatcher.com) – Ever think of what companies are really running the show? There are no doubt certain ones that hold astronomical influence in our world. Influence that shapes the global economic landscape.
One such entity is BlackRock, which is known as the worlds largest asset manager.. And while you may recognize the name from all that is going on today, to the typical and casual citizen BlackRock often flies under the radar amidst other pressing issues.
BlackRock was founded in 1998 and has grown into a behemoth in the asset management industry. The company manages trillions of dollars in assets on behalf of institutional investors, individuals, and governments worldwide.
It is a multi-national financial monster. In lamens terms, they manage the most money!
Boasting over $9 trillion in assets under management and operating in 30 countries, it’s a bit staggering.
Too Big To Fail?
Black Rock’s sheer size has gained some scrutiny from other powers at be, and they have faced issues around apparent lack of transparency for stakeholders and new investors.
They have also shown a large appetite for involving themselves in varioud societal and environmental issues.
They created the “ESG” model, which focuses on implementing values aligned with environmental, social, and government.
So, the reality is that Black Rock is far more involved in larger societal campaigns than just being a financial partner.
And while they have made their environmental concerns very apparent, they also have large investments in many fossil fuel companies, so they have taken heat for this as well.
We will see how Black Rock continues to evolve, but rest assured they aren’t going anywhere anytime soon with all that cash.
