BlackRock CEO: “At BlackRock we are forcing behaviors… you have to force behaviors.”

We need to hit back. Only way it will stop.

And Trump is the biggest threat to our democracy?

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BlackRock CEO: “At BlackRock we are forcing behaviors… you have to force behaviors.”

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Forcing social issues even though they destroy wealth creation (especially for those you state you're championing) is an eventual losing battle. Force enough people into poverty through these tone deaf, myopic, ego-driven attempts at faux martyrdom and you become more and more liable to end up with a bullet in your head.

The market always correct for horrible management decisions, the longer and deeper this goes the more strong the eventual correction will be (regardless of what form that correction comes in).

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The market always correct for horrible management decisions, the longer and deeper this goes the more strong the eventual correction will be (regardless of what form that correction comes in).

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It's hard for the market to correct itself when it's controlled by 2 or 3 entities. At that point is it really capitalism?

So, these clowns decide what the behavior should be?

Disgusting, filthy, animals. The Free and Fair market should be the only thing that companies should respond to. Those satisfying customers should rise to the top.

I saw an article this morning on how a large California teachers fund road Bed Bath and Beyond to the bottom. I will see if I can find it.

------------- Here it is

Barron's · 2023/06/04 04:00 GMT-04:00
Ed Lin

The biggest challenge of buying and holding is having the discipline not to sell when stocks are sliding. The second-largest pension in the U.S. by assets possesses such self-control, based on its inaction on some names in the first quarter.

The California State Teachers' Retirement System barely budged on its holdings of first-quarter stock losers such as Nikola (ticker: NKLA), Bed Bath and Beyond (BBBY), and walloped regional banks KeyCorp (KEY) and Zions Bancorp (ZION). Calstrs, as the pension is known, disclosed its stock positions, among others, in a form it filed with the Securities and Exchange Commission.

The pension had assets of $311.1 billion as of April 30.

In response to a request for comment, Calstrs declined to comment on the individual positions.

"Our public equity portfolio uses passive and active strategies," the pension said. "The portfolio's holdings can change for many reasons, including managers rebalancing exposure to desired active or index weights or due to corporate actions, such as a company merger, stock split, name change or similar activity."

Electric and hydrogen fuel-cell-truck-technology company Nikola didn't have any of those activities, but did see a combination of disappointing quarterly reports and a change in the chief financial officer post, which can be a hot seat for an embattled company.

Nikola stock dove 44% in the first quarter, while the S&P 500 index rose 7%. Calstrs actually bought 8,167 more Nikola shares to end March with 420,460 shares. If the pension is still holding the shares, they have already been halved again, down 52% so far in the second quarter, while the index is up 4.2%.

Nikola received a delisting notice in late May, as its shares have traded for less than $1 for 30 consecutive days, a violation of Nasdaq Stock Market requirements.

Bed Bath & Beyond stock has gone downhill faster than Nikola's: Shares of the home-goods retailer cratered 83% in the first quarter. The pension sold a mere 719 Bed Bath & Beyond shares in that period to adjust its stake to 99,097 shares. Since the end of March, the company has filed for bankruptcy, and its shares have been delisted from the Nasdaq. They now trade over the counter, and so far in the second quarter, Bed Bath & Beyond stock has dropped 42%.

At the end of 2022, Calstrs' Bed Bath & Beyond stake was valued at $250,538, but at the end of March essentially the same number of shares were only worth $42,345. Now, if the pension's stake hasn't changed, the shares are valued at just $24,675.

Compared with that, the fraught regional-bank sector hasn't had it so bad. KeyCorp stock dropped 28% in the first quarter while Zions stock fell 39%.

The plunges of the bank stocks didn't move Calstrs to lessen its grip much. It sold less than 1% of its KeyCorp stake to end the first quarter with 1.6 million shares. The pension sold less than 2% of its Zions investment to end the period with 187,860 shares.

So far in the second quarter, Zions stock seems to have stabilized a bit, slipping only 3%, while KeyCorp has dropped 18%.

Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

June 04, 2023 08:00 ET (12:00 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

I saw that on a YouTube video other day. I have mentioned this often, these actions are the left(Marxist) attempts to destroy American values thru culture and corporate means. People ask why do corporations care how we view culture, because most of those wealthy elite support more control and fewer rights of us average citizens. Larry Fink was close with Epstein for decades.
If you are interested in how many of these ultra rich liberal people connect together like a spider web, click link below.
LINK

Yeah Citizens United that now allows BlackRock to essentially buy up candidates and elections because corporations like Black Rock are people too!

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Yeah Citizens United that now allows BlackRock to essentially buy up candidates and elections because corporations like Black Rock are people too!

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Now do unions.

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"Forcing" is a horrible choice of words.

I could accept 'persuading' because that is naturally humans have been doing for millennia.

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It's a peek into how they view others. "Persuade" is when you think your cause is better and you view the other person as having a right to accept or reject it; "force" is when you don't care - you're in charge and they'll do what you say.