BlackRock CEO Larry Fink: Profits With A Purpose Are Vital For Survivability & Profitability | CNBC

Larry Fink, BlackRock CEO, talks about urging companies to find a sense of social purpose as they seek to grow profits. Recorded at Davos 2018.

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BlackRock CEO Larry Fink: Profits With A Purpose Are Vital For Survivability & Profitability | CNBC

[hubertcordon]

Larry Fink at CNBC is home! Means that BlackRock owns CNBC

[Igwestockex]

This conversation is testimony as to why the poor stay poor and the rich get richer

[mohamedyusuf]

That's how business should be in the first place-working for a vision that unites all under common virtues

[ericanderson]

My company is local and its easier for me to work from home. Companies that serve their communities need to focus on their communities, but internet and software companies use employees from anywhere.

[scottappleton]

Regulators should step in for sure.... They are wayyyy too big and are now deciding they want to control all companies decisions effectively?

[jacksonayres]

a purpose like a world wide event maybe.

[strat]

What's the deal with these interviewers?

[manondamoon]

From the Caribbean to Davos. "Connecting".

[jamespharris]

A rare man. Ahead of the curve. Personally inspiring for sure.

[KiCreativeStudioJP]

I was shocked to see this was from 5 years ago. As I write this here we are in 2023. We currently are seeing the fruits of Blackrock's aggressive "social responsibility" business model. I give kudos for the the other panelists pressing the questions to Fink but they failed to present the clear question of ESG scores. How that will "force behaviors" (Larry Fink's choice of words) in regards to what business decisions they can make. I am uncomfortable with the manner in which Fink invoked Milton Friedman. Anyone with a modicum understanding of Friedman's philosophy is that freedom of choice --- both for the business owner and the consumer is the most viable environment for a functional economy and society. Freedom of choice is the true long term solution.

[Tyrantking]

What the hell are these reporters asking?

[remnunya]

CNBC is terrible, how could investors take their opinions seriously?

[nhanha]

We need to enforce the main road drivers move forward but bump to other traffic around

[ShCruzZ]

interesting, but what happens if this "purpose" collides with the purpose of a nation?

[nhanha]

They raise fund from investors that mean the investors as partner with the companies. But the owners did make deal and CEO did make deal different than investors alone they hide not share to let investors know

[jameshutcheson]

Why is it controversial to care about the world? Fink's having to justify his stance with the profitability of caring about social issues; isn't it enough to want to have a positive impact on the world? The planet shouldn't revolve solely around profitability

[nhanha]

Traffic own cars but fail apart for jam and accidents with brake and steering overwhelmed it must find way to stop these enjoying drivers

[Smiley_]

I totally agree w him long term profitability w a purposes in mind . I love listens to him talk as his visions are very similar to mine . I think he is at a place where he stabled and want to give back to the world but it has to be done tastefully where many future generations can benefits from it too and that where my visions is too . No money will ever be enough to give but best to invest into creating jobs, businesses, farms, manufacturing, educations, technologies, hospitals, healthcare , sustainability etc where everyone can benefits from it . As I believed successful peoples don’t mind giving back when they make it in life and that how I believed we can recycle those money in good uses . The harder you works the more rewards you’ll get . Just how much do you wants it is up to you

[ievazu]

I hope that CNBC has reviewed this content from almost 3 years ago and are reconsidering their stance (and the appalling performance of their anchors). Public shame on CNBC, who was already lagging behind the times in 2018, I wonder where do they stand now? Such backward thinking and lack of any knowledge or perspective whatsoever.

[nhanha]

The supplies and the natural environments they are not all for cities peoples. Things enjoy must watch out