Larry Fink

  • Fink_1772405c

    News

    Larry Fink And Friends Trying To Figure Out How To Save The (Corporate) World

    If you have any ideas, please share them at this time.

    / Mar 12, 2015 at 1:12 PM
  • News

    Larry Fink: BlackRock Completely Different Operation Than You-Know-What, Formerly Run By You-Know-Who

    He didn’t use the P-word, or the BG-words. He never said, “unlike those assholes.” He didn’t have to, because it doesn’t take Michel Foucault to read between these lines of BlackRock’s Larry Fink.

    / Oct 16, 2014 at 12:21 PM
  • News

    Larry Fink Can’t Fool Carl Icahn’s Finely-Tuned Slight Detector

    When the BlackRock chief wrote about his lament about the “short-term demands of the capital markets,” he didn’t mention anyone by name. But Carl Icahn can read between lines like “too many companies have cut capital expenditure and even increased debt to boost dividends and increase share buybacks,” and he can’t help but notice that […]

    / Jul 8, 2014 at 1:04 PM
  • larryfink

    News

    If Larry Fink Could Do It All Over Again, We’d Be Taking About RocaNegra Right Now

    “A couple of weeks ago, I visited Mexico City—one of my favorite cities in the world. It’s a remarkable place, not least because of the food, the museums, and the culture, but also because of the incredible economic changes taking place in Mexico right now—both in the capital and all around the country. Every time […]

    / Jun 18, 2014 at 2:19 PM
  • Hedge Funds

    Larry Fink Expands On His Dislike Of Hedge Funds

    The capo dei capi of money managers doesn’t like these young guns (and, in one notable case, not so young) spreading a lot of damned nonsense and nuisance in pursuit of their short-term goals. If this was not made clear enough in his letter to S&P500 CEOs (because Larry’s the kind of guy who writes […]

    / Apr 22, 2014 at 1:02 PM
  • News

    Bonus Watch ’14: BlackRock CEOs

    Larry Fink > Lloyd Blankfein.

    / Apr 16, 2014 at 12:14 PM
  • Hedge Funds

    A Watershed Moment For Carl Icahn’s Website

    For the first time in more than a month, Carl Icahn has written about something other than eBay. Kind of*. “A Watershed Moment for Stockholder Participation” celebrates the fact that institutional investors have begun to stand up for themselves, and in Icahn’s lifetime, to boot, at least in between digs at and rehashings of his […]

    / Mar 27, 2014 at 2:43 PM
  • larry-fink-blackrock1

    News

    Larry Fink Puts Euro In His Ten-Year Death Pool

    The euro could be in danger of disappearing within the next decade if France does not continue pushing economic reforms, BlackRock Capital boss Larry Fink said Tuesday. Fink expressed his concern about the health of one of Europe’s largest economies at The New York Times’s DealBook Conference, mentioning France’s recent downgrade by Standard & Poor’s. […]

    / Nov 12, 2013 at 3:48 PM
  • charliegasparinofbn

    News

    Charlie Gasparino Confident In Tim Geithner’s Ability To Run The Fed

    “There is a lot of talk about who might be the next Fed chairman. Larry Fink is saying it could be Timothy Geithner. He’s not a bad choice, he ran the Treasury Department and BlackRock is very close to the Treasury Department. Fink is telling friends on the street not to rule out Geithner.” [FBN]

    / Jun 18, 2013 at 4:05 PM
  • tim_geithner

    News

    Charlie Gasparino: Larry Fink Wants A Piece Of Tim Geithner

    According to CG, there’s a desk at BlackRock waiting for the former Treasury Secretary when he’s ready.

    / Mar 27, 2013 at 4:27 PM
  • News

    The Upside To Larry Fink Being Appointed The Next Treasury Secretary Is That It Puts Charlie Gasparino One Step Closer To Sleeping In The Lincoln Bedroom

    “My survey of Wall Street executives [shows] Jack Lew in the running for this job…They think that he’s the most likely guy to be Treasury Secretary at least that’s according to the people I talked to: major Wall Street CEO’s and executive suite players that I deal with…The other guy that’s out there is Larry […]

    / Sep 26, 2012 at 6:55 PM
  • News

    BlackRock Employee Has Less Than One Hour To Stretch, Mentally Prepare For Shot At Olympic(-ish) Glory (Update)

    BlackRock sees your piddling food eating contests and raises you a real challenge.

    The contender: BlackRock portfolio manager
    The event: Long jump, on the trading floor
    The details: “The guy jumped 25 feet in college; market is biased at him going 15 feet and shorter. $2,000 pool so far. Larry Fink has $50 on the guy crossing 15 feet. Jump is at 3PM.”

    While sadly there are no special uniforms involved (the guy is wearing “work clothes and sneakers”) and no sand pit, this is still nevertheless tremendously exciting. But first up, men’s freestyle wrestling. We’ll be back after this. Stay tuned.

    / Aug 10, 2012 at 2:15 PM
  • News

    At Some Point In The Future, BlackRock Might Sue Over Libor Manipulation

    Or it might not. No one can say at this time. Charlie Gasparino reports:

    BlackRock has $240 billion in money market assets, much of which is priced off of Libor. Thus even artificially depressing Libor a bit could mean that the firm’s customers missed out on billions upon billions in investment returns. A BlackRock spokeswoman told FOX Business: “We are closely following the investigations as well as related litigation to assess the full implications and possible impact these events may have had on our clients and the cash markets. The implications of the various investigations and litigation are complex and it will be some time before greater clarity emerges.”

    Indeed, people inside BlackRock say assessing damages won’t be easy. First it’s unclear just how much the manipulation cost fund investors since the evidence so far shows that banks like Barclays only depressed their Libor submissions during certain periods of time, particularly during the financial crisis, when they didn’t want to alert investors that they were being charged higher interest rates to borrow money.

    BlackRock Mulls Legal Action Amid Libor Scandal [FBN]

    / Jul 19, 2012 at 4:41 PM
  • News

    All In All, Larry Fink Would Prefer It If You’d Buy His ETFs, Not SocGen’s

    Today’s all-the-things-are-the-same-thing news, sort of, is Bloomberg’s report of the tiff between BlackRock’s Larry Fink and a guy at “Lyxor,” which is the name of SocGen’s ETF business and also a good way to make me think of the words “pyramid,” “casino,” “typo” and now “SocGen” all at the same time, which does not make […]

    / Nov 18, 2011 at 6:12 PM
  • News

    Larry Fink Is Writing A Dictionary

    Efforts to create the first electronic “dictionary” defining derivatives and other financial instruments universally have moved ahead with the creation by US regulators of a committee to help develop it made up of BlackRock, the investment manager, CME Group, the derivatives exchange, and Google. Global Derivatives Lexicon Edges On [FT via HNM]

    / Jun 27, 2011 at 9:33 AM
  • News

    Who Will Give Deutsche Bank’s Anshu Jain A Bank To Run?

    Anshu Jain is the head of Deutsche Bank’s Corporate & Investment Bank, sits on the management committee and oversees operations that produce upwards of 90 percent of the firm’s profits in any given quarter. He’s considered a “star” at DB and among those who follow his work and with CEO Josef Ackermann’s contract expiring in […]

    / Jun 14, 2011 at 6:44 PM
  • News

    Larry Fink: We Don’t Need No Stinking QE3

    “I don’t see any reason to think we need a QE3. We’re in a soft patch today. We still have positive growth. I think expectations earlier this year were way too high, 3 percent or higher gross domestic product, I think we’re going to be in the span of 2-ish percent, 2 and a half […]

    / Jun 10, 2011 at 12:52 PM
  • News

    BlackRock: Clean Up Your Filthy Workstations So We’re Not Embarrassed On Live TV

    Think you’re above this edict? Okay, big shot, leave the mess. Larry Fink will personally lean your desk into a bin labeled “[your name]’s crap” and file his nails while you beg for it back. From: [redacated at BlackRock] Sent: Wednesday, March 23, 2011 03:12 PM To: NYC – PMG Bonds Subject: CNBC ON FLOOR […]

    / Mar 24, 2011 at 2:29 PM
  • News

    Lady Gaga To Perform At Robin Hood Dinner

    Noted Gaga fan and Robin Hood board member Steve Cohen may have had a role in pushing for the performance, though it very well could have also been honoree Larry Fink, who demanded the Gags the after dinner entertainment portion of the evening. [Bloomberg, earlier]

    / Mar 15, 2011 at 5:29 PM
  • News

    Larry Fink’s Sheer Fucking Awesomeness Pays Off Yet Again

    The BlackRock founder and CEO, whose one mistake in a 30+ year career was momentarily second-guessing just how much ass he kicks, was awarded stock valued at $12.8 million, bringing his total shares in the firm to 1.38 million.

    / Feb 1, 2011 at 12:00 PM
  • News

    Brian Moynihan Pledges Devotion To BlackRock

    Bank of America has no plans to fully sever strategic ties with BlackRock, the world’s largest asset manager, Chief Executive Officer Brian Moynihan told analysts in Boston on Thursday, [despite] BlackRock’s announcement on Wednesday it planned to sell 34.5 million shares owned by Bank of America, in a secondary offering that could cut BofA’s ownership […]

    / Nov 4, 2010 at 2:00 PM
  • News

    Larry Fink: The Biggest Mistake I Ever Made Was Doubting My Own Sheer Fucking Awesomeness

    As previously discussed, CNBC has been running a new series of interviews in which Becky Quick sits down with some financial heavyweight and asks him to discuss the “worst trade” he ever made. While seemingly the stuff of tedious job interviews, wherein applicants are asked to name their worst quality, such as being a workaholic, […]

    / Oct 20, 2010 at 3:10 PM
  • News

    How Did Kendrick Wilson III “Soothe” Stephen Schwarzman’s “Bruised Feelings”?

    In January, Kendrick Wilson III joined BlackRock as a vice-chairman, which is why he’s the subject of a Bloomberg profile today. Forty some odd years ago, he was nicknamed “Wildcat” by his undergrad chums at Dartmouth, which is why he’s the basis for the lead character in an upcoming erotic novel about life in the […]

    / Mar 30, 2010 at 1:50 PM
  • News

    Stuyvesant Town Hurt Larry Fink On Very Deep Level

    When big money mangers make decisions that result in clients getting screwed, most people assume said managers don’t really give a rat’s ass. They still have their vaults of hundos to console them, and while they often write letters and release statements saying they’re sorry, that they want to regain investors’ trust, and so on […]

    / Mar 2, 2010 at 3:22 PM

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