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Thursday, August 08, 2013

Fink Waxes Poetic, Again

News summary by MFWire's editors

The outspoken BlackRock [profile] CEO Larry Fink pontificates yet again, this time in Bloomberg Businessweek.

Bloomberg Businessweek's Nick Summers interviews Fink about the impending retirement crisis, what Fink talks about with Tim Geithner, and BlackRock's entrance into the retail market.

On BlackRock's retail market branding efforts, Summers quotes Fink as saying, "I have a lot to learn and a lot to do…We could be a great fiduciary for individuals over a long cycle. My long-term goal is to build a strong brand that represents those merits and to be a brand consistent with Vanguard and Fidelity."

Fink dodged the question on conversations with Geithner, whom industry watchers believe may be working for BlackRock in the near future, inferring the two spoke about retirement issues. Fink also admitted that saying people should put 100 percent in stock was all about "shock value."

To read more, click here.  

Edited by: Casey Quinlan

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