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12 hours ago · NBA.com. The National Basketball Association ( NBA) is a professional basketball league in North America composed of 30 teams (29 in the United States and 1 in Canada). It is one of the major professional sports leagues in the United States and Canada and is considered the premier professional basketball league in the world.
12 hours ago · The Environmental Protection Agency ( EPA) is an independent agency of the United States government tasked with environmental protection matters. [2] President Richard Nixon proposed the establishment of EPA on July 9, 1970; it began operation on December 2, 1970, after Nixon signed an executive order. [3] The order establishing the EPA was ...
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1988–1999
BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective. Fink, Kapito, Golub and Novick had worked together at First Boston, where Fink and his team were pioneers in the mortgage-backed securities market in the United States. During Fink's tenure, he had lost $90 million as head of First Boston. Th...
1999–2009
On 1 October 1999, BlackRock became a public company, selling shares at $14 each via an initial public offering on the New York Stock Exchange. By the end of 1999, BlackRock was managing $165 billion in assets.BlackRock grew both organically and by acquisition. In 2000, under the direction of Charles Hallac, BlackRock launched BlackRock Solutions, its analytics and risk management division. The division grew from the Aladdin System, the enterprise investment system, Green Package, the Risk Re...
2010–2019
In February 2010, to raise capital needed during the financial crisis, Barclays sold its Global Investors unit (BGI), which included its exchange traded fund business, iShares, to BlackRock for US$13.5 billion and Barclays acquired a near-20% stake in BlackRock. On 1 April 2011, BlackRock was added as a component of the S&P 500 stock market index. In 2013, Fortunelisted BlackRock on its annual list of the world's 50 Most Admired Companies. In 2014, BlackRock's $4 trillion under management mad...
In 2020, the non-profit American Economic Liberties Project issued a report highlighting the fact that "the 'Big Three' asset management firms – BlackRock, Vanguard and State Street – manage over $15 trillion in combined global assets under management, an amount equivalent to more than three-quarters of U.S. gross domestic product."The report calle...
Influence and power
Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.[by whom?] In 2020, U.S. Representatives Katie Porter and Jesús "Chuy" García proposed a U.S. House bill aiming to restrain BlackRock and other so-called shadow banks. On 4 March 2021, U.S. Senator Elizabeth Warren suggested that BlackRock should be designated "too big to fail", and should be regulated accordingly. BlackRock invests the funds of its c...
Environmental, social and corporate governance investing
In 2017, BlackRock expanded its environmental, social and corporate governance (ESG) projects with new staff and products.[excessive citations] BlackRock started drawing attention to environmental and diversity issues by means of official letters to CEOs and shareholder votes together with activist investors or investor networks such as the Carbon Disclosure Project, which in 2017 backed a shareholder resolution for ExxonMobil to act on climate change. In 2018, it asked Russell 1000 companies...
Investments in contributors to climate change
As of December 2018, BlackRock was the world's largest investor in coal-fired power stations, holding shares worth $11 billion in 56 companies in the industry. BlackRock owned more oil, gas, and thermal coal reserves than any other investment management company with total reserves amounting to 9.5 gigatonnes of CO2 emissions or 30 percent of total energy-related emissions from 2017. Environmental groups including the Sierra Club and Amazon Watch launched a campaign in September 2018 called "B...
As of 2024, Blackrock has a 17-person board of directors: 1. Larry Fink, Founder, Chairman and CEO 2. Bader M. Alsaad 3. Pamela Daley 4. William E. Ford 5. Fabrizio Freda 6. Murry S. Gerber 7. Margaret "Peggy" L. Johnson 8. Robert S. Kapito– founder and co-president 9. Cheryl D. Mills 10. Amin H. Nasser 11. Gordon M. Nixon 12. Kristin Peck 13. Char...
Brooker, Katrina (29 October 2008). "Can this man save Wall Street?". Fortune.Foley, Stephen (2 April 2017). "BlackRock's active funds navigate rough seas". Financial Times. Archived from the original on 9 April 2017. Retrieved 10 May 2017.{{cite news}}: CS1 maint: bot: orig...Ungarino, Rebecca (30 December 2020). "Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration". Business Insider.Business data for BlackRock, Inc.:12 hours ago · Nissan Motor Co. Ltd. ( 日産 自動車 株式会社, Nissan Jidōsha kabushiki gaisha) is a Japanese multinational automobile manufacturer headquartered in Yokohama, Kanagawa, Japan. The company sells its vehicles under the Nissan and Infiniti brands, and formerly the Datsun brand, with in-house performance tuning products (including cars ...
12 hours ago · El Al's headquarters are located on the grounds of Ben Gurion Airport in Central District, Israel, near Lod. In 2022, El Al announced it would be moving its U.S. headquarters from New York to Miami. In 2022, El Al announced it would be moving its U.S. headquarters from New York to Miami.
12 hours ago · Tamil Nadu (/ ˌ t æ m ɪ l ˈ n ɑː d uː /; Tamil: [ˈtamiɻ ˈnaːɽɯ] ⓘ, abbr. TN) is the southernmost state of India.The tenth largest Indian state by area and the sixth largest by population, Tamil Nadu is the home of the Tamil people, who speak the Tamil language, one of the longest surviving classical languages and serves as its official language.
