The demonisation of BlackRock’s Larry Fink | How ButcherBox Is Killing It With Free Bacon For Life While Rivals Like Blue Apron Unraveled | How Humble Leadership Really Works

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Don't like ads? Go ad-free with TradeBriefs Premium The demonisation of BlackRock's Larry Fink    Whoislarryfink.com accuses Fink of being enamoured of China and exploiting those in financial misfortune, but it doesn’t mention the most salient facts. He is the 70-year-old chairman and chief executive of BlackRock, the world’s biggest asset manager. It invests trillions of dollars on behalf of its clients, which include pension funds, mutual funds and insurance companies. The firm, with a market value of about $100bn, is the world leader in innovative low-cost investment funds. Its assets under management, valued at $9.4trn, include stakes in about 18,000 listed companies across the Western world. When Fink talks, people listen – and Fink certainly likes to talk. The advertising trucks were paid for by Consumers’ Research, a group that describes itself as America’s oldest consumer-protection agency. These days though, it looks more like a hit squad for a clique within the Republican Party. Historically, Republicans have allied themselves with business to oppose government regulation and promote free enterprise. But in recent years a faction has remonstrated against firms that speak out on issues like climate change, LGBT rights and other subjects that they consider “woke”. Ron DeSantis, the governor of Florida and the leading challenger to Donald Trump in next year’s Republican presidential primary contest, is its most prominent advocate. One of the main targets of this vituperative cabal is ESG: environmental, social and governance investing. A lot of ESG is flim-flam. The theory behind it suggests that you can measure companies’ performance on metrics other than financial returns, though the scoring systems are subjective, inconsistent and often set goals that conflict with each other. Less than 3% of BlackRock’s investments in America are ESG-related, but Fink has made himself the face of the movement since 2016, when he began urging the chief executives of the companies in BlackRock’s portfolio, in increasingly strident terms, to make their businesses more sustainable. Continued here You Might Like � � � � � � � � � How ButcherBox Is Killing It With Free Bacon For Life While Rivals Like Blue Apron Unraveled    Salmon is so popular with the customers of Mike Salguero’s subscription food-box service, ButcherBox, that he wanted to see the famous harvesting process himself. It’s quite the spectacle. In a matter of weeks an entire year’s supply of the wild-caught variety, some 70 million salmon, is pulled from Alaskan waters. Salguero made the trip from Massachusetts to witness it. Salguero hopped aboard a fishing boat. He inspected the factory where the salmon is packed and he watched the work of thousands of seasonal workers who sleep in dorms between their 16-hour shifts. He even bumped into regulators, who count salmon from rickety metal towers and decide how much fishing can take place that day so the practice remains sustainable. “That’s one of the things I really feel is important about my job: to really intimately understand how it works,” Salguero, ButcherBox’s founder and CEO, told Forbes. “Then I can make the conclusions on whether this is the best path possible.” ButcherBox is expected to sell 1.5 million pounds of salmon this year. Continued here How Humble Leadership Really Works    Top-down leadership is outdated and counterproductive. By focusing too much on control and end goals, and not enough on their people, leaders are making it more difficult to achieve their own desired outcomes. The key, then, is to help people feel purposeful, motivated, and energized so they can bring their best selves to work. One of the best ways is to adopt the humble mind-set of a servant leader. Servant leaders view their key role as serving employees as they explore and grow, providing tangible and emotional support as they do so. They actively seek the ideas and unique contributions of the employees that they serve. This is how servant leaders create a culture of learning, and an atmosphere that encourages followers to become the very best they can. When you’re a leader — no matter how long you’ve been in your role or how hard the journey was to get there — you are merely overhead unless you’re bringing out the best in your employees. Unfortunately, many leaders lose sight of this. Continued here

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