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Saudi Crisis Shows Wall Street Struggle Between Ethics And Cash

by livemint.com posted 8months ago 34 views
If history is any guide, human rights have never been too persuasive in Wall Street’s calculus. : New York: As chief executive of the world’s biggest asset manager, Larry Fink began the year with a call to the thousands of companies that the firm holds stakes in: Show how they make a “positive contribution to society.” Now Fink’s BlackRock Inc., overseeing more than $6 trillion of other people’s money, is facing a comparable challenge, stuck between conscience and the implacable demands of the bottom line.

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