BlackRock's Larry Fink tells CEOs to be 'deliberate about their role in society'

In his annual letter to the CEOs of the companies BlackRock's clients are invested in, titled ‘The Power of Capitalism', Fink wrote: "In today's globally interconnected world, a company must create value for and be valued by its full range of stakeholders in order to deliver long-term value for its shareholders. "It is through effective stakeholder capitalism that capital is efficiently allocated, companies achieve durable profitability, and value is created and sustained over the long term." But he said that stakeholder capitalism is not about politics, nor is it a social or ideologi...