Larry Fink: The Most Powerful Man On Wall Street
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The Rise and Fall of Larry Fink
By 1994, Blackrock was managing $53 billion. The same year Schwartzman and Fink had an internal dispute over methods of compensation and equity. In 2020, the Federal Reserve calls Larry Fink and asked to help them with the Fed prop up the entire corporate bond market by purchasing on the central bank's behalf. Today, they own 35% of all ETF money is with Blackrock today.
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