Larry Fink, Steve Schwarzman Unite Behind Controversial Position That Even Oil-Rich Countries Can’t Just Go Around Killing Reporters


BlackRock’s Larry Fink and his erstwhile patron Steve Schwarzman of the Blackstone Group don’t agree on much, other than that it was very stupid of the former to sell the latter. Now, there’s a new area of agreement between the two old rivals: That autocratic regimes shouldn’t be allegedly murdering and dismembering journalists, certainly not so soon before a conference they’d like the two of them to attend.

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BlackRock Chief Executive Larry Fink and Blackstone Group CEO Stephen Schwarzman will no will no longer attend a high profile conference in Saudi Arabia….

Executives from media, technology and financial firms have in the last few days withdrawn from the conference, scheduled for Oct. 23-25, after the disappearance of Saudi journalist Jamal Khashoggi.

President-elect Jamie Dimon is also not going to have his picture taken shaken that metaphorically blood-soaked hands of Saudi Crown Prince Mohammed bin Salman, even if his opponent in 2020 is taking his dad’s word about things. Ever-ethical IMF chief Christine Lagarde also isn’t going to let a dead dissident get in the way of business.

International Monetary Fund head Christine Lagarde was among those over the weekend who said they still plan to attend the event.

BlackRock and Blackstone CEOs withdraw from Saudi conference: source [Reuters]
CEOs of JP Morgan, BlackRock, Blackstone, and Mastercard pull out of Saudi conference [CNBC]



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