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Are BlackRock and Vanguard Too Big and Powerful?
Money For the Rest of Us
Black Rock and Vanguard Are Taking a Stand on Climate Change
The concern with black rock and vanguard is, given the rise of indexation, their power is growing. Vanguard said that in cases where they felt companies needed to provide greater disclosure or clarity, they voted on shareholder proposals. Black rock believes that climate change has become a defining factor in company's long term prospects.
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highlights
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