Becker Private Equity & Business Podcast
Larry Fink, BlackRock & the Great Game of Business 3-5-25
Wed, 05 Mar 2025
In this episode, Scott Becker examines how Larry Fink, CEO of BlackRock, navigates shifting political landscapes to maintain influence.
Chapter 1: What is the focus of the discussion on Larry Fink?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Larry Fink, BlackRock, and the great game of business. So here's the story on Larry Fink. Larry Fink runs the CEO of BlackRock. He's one of the founders. He's done a tremendous job of building BlackRock. Now that's the positive. And he's an incredibly talented business person.
Chapter 2: How does Larry Fink navigate political changes?
It's the largest asset manager now in the world, I believe. But here's the situation. No one works the political winds better than Larry Fink. It's insane to watch how he does this. I don't particularly view this as a compliment. He was sort of the ring bearer, the leader of DEI and ESG under the last administration. And now he's jettisoned all that to become close to the new administration.
Chapter 3: What are Larry Fink's recent business moves?
Chapter 4: What role does BlackRock play in the global market?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Larry Fink, BlackRock, and the great game of business. So here's the story on Larry Fink. Larry Fink runs the CEO of BlackRock. He's one of the founders. He's done a tremendous job of building BlackRock. Now that's the positive. And he's an incredibly talented business person.
It's the largest asset manager now in the world, I believe. But here's the situation. No one works the political winds better than Larry Fink. It's insane to watch how he does this. I don't particularly view this as a compliment. He was sort of the ring bearer, the leader of DEI and ESG under the last administration. And now he's jettisoned all that to become close to the new administration.
It's truly remarkable to watch it play out publicly, how he sort of says he's going to stop talking about DEI, ESG. He saw the political winds shifting. Now he's gotten close to the Trump administration. And I almost have to laugh as I watch this. He just signed a deal to buy two ports in the Panama Canal through BlackRock and a coalition for about $23 billion.
But it's amazing to see the political wins and losses. And again... I would consider myself a centrist, if anything, maybe center-right, and hate when the Democratic administrations were playing political favors with green business and giving crazy amounts of money to close colleagues that were business-connected in different ways.
But I have to tell you, if I hate it on the left, I hate it as much or more on the right. It makes it feel so hypocritical to watch the whole thing play out. In any event, Larry Fink plays these political wins better than anybody else in the world. It's almost, there's a phrase we use, it's a Shonda, but it's an embarrassment almost to watch how he does it. But it is what it is.
Thank you for listening to the Becker Private Equity and Business Podcast. If you understand the word Shonda and text me at 773-766-5322, and you're the first person to do so, We will send you a $50 gift certificate and the MSI gift certificate. Thank you for listening to the Becker Private Equity and Business Podcast.
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