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
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE