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. Read more »
Larry Fink: BlackRock Completely Different Operation Than You-Know-What, Formerly Run By You-Know-WhoBy Jon Shazar
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 they contain the letters C-A-R-L-I-C-A-H-N.
“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 I visit, I think the same thing: if I were starting my career, especially if I lived in a nation where I couldn’t explore my full potential, I’d try my luck in Mexico. Why? Because Mexico is finally beginning to unlock its true potential as an economic powerhouse.” [BI]
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 case against, you guessed it, eBay. Read more »
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. “I don’t think in 10 years time we can have a euro if we don’t have a strong France and a strong Germany,” he said in an interview shown on CNBC. “It’s all predicated on two very strong countries and the competitiveness of France is still deteriorating.” [CNBC]
“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]