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Davos Man

Slate Money

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What's the Point of the Larry Fink Letter?

LZ Granderson: Larry fink's letter says he wants to empower owners of the capital. He is a huge investor in aramco and has given cover to people like the saudy monarchy, LZ writes. But if he gives up even having the ability to control how those shares are voted, he just becomeslike a super thin intermediary with no control over wer money is invested, LZ adds. "I have ten trillion dollars, and so i can, if i don't like you, i can vote against you," laryfink wrote.

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