It's a great idea, but the "social purpose" Fink refers to means nothing without action.
One way to put nice words about "social purpose" into action?
#Divest from oil companies in the Amazon.
Learn more at http://amazonwatch.org/news/2017/1109-investing-in-amazon-destruction …
#EndAmazonCrude #KeepItInTheGround
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Ignorance and greed reign for the moment until the people come to their senses and realize that the wealth of any nation, including the USA, does not belong to a privileged few.
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If major companies don’t do this, they risk the destabilization of society and their own profits. With the increasing income disparity, hard working people must be guaranteed basic minimums and opportunities or societal disruptions are inevitable.
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yeaa..its a two way street..you want the roads and airways and infrastructure to deliver your products, you want your workers to be healthy, intelligent, competitive, you want stability..etc etc..you don't get that by just taking the money and run tactics. This is not new.
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Because now it pays to be a corporate shill for social purposes. C’mon. Y’all know it’s still bout the profits.
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When I was in business school in the mid 70s, we considered all decisions from employee, customer, and shareholder impact. The first two have been eliminated over the last 30 years.
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And now Fink wants to eliminate the third as well.
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I take it as considering the first two as well as the third. Long-term sustainably requires it.
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Companies must provide, at a profit, a product people want to buy at a price they are willing to pay through a method they are willing to endure. Anything else is a recipe for bankruptcy. His "social purpose" plea sounds suspiciously like a recipe for bankruptcy.
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Democrats are obstructionists and crazy drama queens who have attention deficit.
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Someone didn't read the article... Or the headline.

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Profits are of course important for any credible business but people planet and purpose should come a very close second and the USP of
@_flyPOP my new airline delivering goodwill globallyThanks. Twitter will use this to make your timeline better. UndoUndo
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Let’s see the action
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For starters: Divest yourselves from weapons and gun manufacturers.
#BlackRock - 1 more reply
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The French have a name for it: noblesse oblige.
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What religious and social organizations were destroyed?
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