Rekenthaler Report

Putting Larry Fink's Corporate-Governance Comments to the Test

John Rekenthaler

Not So Fast
BlackRock CEO Larry Fink's contention (discussed in Wednesday's column) that corporate managements should attempt more than maximizing "shareholder value" was not universally acclaimed. Many people like the American system just as it is, thanks much.

One accusation was that Fink made a bull-market argument. It is easy to talk about how there is more to life than profits when the table legs are buckling from the weight of the feast. It is not so easy if the cupboard is bare.