Tangled web of corporate connections raises host of questions

BlackRock and Vanguard are poised to continue expanding— as far back as 2017, Bloomberg predicted that by 2028, these two companies would be managing $20 trillion worth of investments.

The size and scope of the firms’ investments raise questions about how much influence BlackRock and Vanguard can wield over the formulation of corporate policies by the companies in which the two firms are heavily invested.

This ever-growing influence has led some analysts to describe the two firms as “kingmakers,” arguing their growing voting share in an increasing number of corporations would “hand them a de-facto veto on all major corporate decisions by 2040.

To what extent do companies mandating COVID vaccines have the best interest of their employees in mind? Or are these companies implementing policies under the guise of “protecting” employees, when in fact they are more concerned about appeasing major investors?

What else might these companies do, if “encouraged” in some way by major stockholders?

Moreover, do mandatory (or strongly encouraged) vaccination policies reflect the worldview of funds such as BlackRock and Vanguard, and their managers — in much the same way major corporations have embraced purportedly “green” policies which only barely cloak potentially totalitarian restrictions on civil liberties, such as “personal carbon allowances” and digital “vaccine passports”?

The answers may lie, in part, in the words of BlackRock CEO and chairman, Larry Fink.

In his 2022 annual letter to CEOs, Fink wrote that “employees are increasingly looking to their employer as the most trusted, competent and ethical source of information — more so than government, the media and NGOs.”

Fink said, “workers demanding more from their employers is an essential feature of effective capitalism” — an interesting viewpoint given that the BlackRock and Vanguard strategy to control as many corporations as possible, including competing ones, would seem to contradict the principles of capitalism, competition, and a free market.

Fink also warned that “companies not adjusting to this new reality and responding to their workers do so at their own peril.”

In other words, employees and workers of companies that have imposed vaccine mandates should take comfort in such policies, as their employer appears to know what’s best for them — at least according to Fink.”