Why There Is (Some) Hope for Wall Street [yesmagazine.org]
Laurence D. Fink, founder and chief executive of BlackRock, the world’s largest institutional investor, recently set the financial world abuzz with a letter to the CEOs of the world’s largest public companies . He notified them that henceforth BlackRock will be holding them accountable for more than profits. They must also contribute to society. Business Insider called it “a warning shot to CEOs across the world.” The New York Times suggested, “It may be a watershed moment on Wall Street.”...