“BlackRock does not select or choose the stocks that third-party index providers include in the benchmarks they create,” a spokesperson for BlackRock wrote to WSN in an email. BlackRock currently owns 15.41% of CoreCivic and 14.71% of GEO Group, amounting to over $279 million in invested capital, and 7.23% of Sterling, amounting to nearly $38.5 million.īlackRock claims that while it acts as a broker between its clients and their investments, it does not always have control over where these investments are placed - particularly in the case of index funds, which are sold as packages. It is also the largest shareholder in Sterling Construction Company Inc., which was contracted by the federal government to construct parts of the border wall. BlackRock holds extensive investments in operators of private prisons and construction companies building the U.S.-Mexico border wall.īlackRock is the largest shareholder in CoreCivic and the second-largest shareholder in the GEO Group, publicly traded companies that own and operate prisons, jails and ICE detention centers across the country and around the world. Fink, a v ice chair of NYU’s Board of Trustees and co-chair of the NYU Langone Medical Center Board of Trustees, is the founder, chairman and CEO of BlackRock, Inc., an investment management corporation and the largest asset manager in the world. NYU has criticized ICE and the agency’s rules regarding international students and their visas however, a member of university leadership is the CEO of one of the largest shareholders in the two largest private prison operators in the United States. But the university has stopped short of adopting GSOC’s proposal to end warrantless campus access for ICE and CBP agents. NYU claims it does not voluntarily provide information to governmental agencies that would endanger undocumented members of the university community. Customs and Border Protection agents has been a point of contention during contract renewal negotiations between NYU and the Graduate Student Organizing Committee. Immigration and Customs Enforcement and U.S. from the University of California at Los Angeles (U.C.L.A.) in 1976 and a B.A. He also serves on the advisory board of the Tsinghua University School of Economics and Management in Beijing and on the executive committee of the Partnership for New York City. In addition, he serves on the boards of the Museum of Modern Art, the Council on Foreign Relations and the International Rescue Committee. He serves as a member of the board of trustees of New York University (N.Y.U.) and the World Economic Forum, and is co-chairman of the NYU Langone Medical Center board of trustees. Prior to founding BlackRock in 1988, Fink was a member of the management committee and a managing director of The First Boston Corporation. BlackRock’s mission is to help their clients build better financial futures and the firm is trusted to manage more money than any other investment company in the world. He and seven partners founded BlackRock in 1988, and under his leadership the firm has grown into a global leader in investment and technology solutions. Fink is chairman and chief executive officer of BlackRock.
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