{"id":22155,"date":"2024-07-12T21:02:04","date_gmt":"2024-07-12T21:02:04","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/07\/12\/larry-fink-works-to-prepare-next-generation-of-blackrock-leaders\/"},"modified":"2024-07-12T21:02:04","modified_gmt":"2024-07-12T21:02:04","slug":"larry-fink-works-to-prepare-next-generation-of-blackrock-leaders","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/07\/12\/larry-fink-works-to-prepare-next-generation-of-blackrock-leaders\/","title":{"rendered":"Larry Fink Works to Prepare Next Generation of BlackRock Leaders"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/901079090\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/Larry_Fink_Blackrock_2023_BB_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/Larry_Fink_Blackrock_2023_BB_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"the-advisor bullet-summary\">\n<h3>What You Need to Know<\/h3>\n<ul>\n<li>The 71-year-old CEO says he is ready and willing to give up his role when younger leadership is ready.<\/li>\n<li>Fink and BlackRock raised concerns about the U.S. retirement system earlier this year.<\/li>\n<li>He questioned whether 65 should still be the conventional retirement age.<\/li>\n<\/ul>\n<\/div>\n<p id=\"first-para\">BlackRock Inc. Chief Executive Officer Larry Fink said he\u2019s working to prepare the next generation of leaders of the world\u2019s largest money manager and doesn\u2019t intend to stand in their way.<\/p>\n<p>\u201cI don\u2019t want to be somebody there sitting there just blocking and tackling,\u201d Fink, 71, said Wednesday in Washington at an event about retirement that was organized by Axios. \u201cWhen I do believe the next generation is ready, I\u2019m out.\u201d<\/p>\n<p>\u201cI may be out as a CEO, I may stay as a chairman, but I\u2019m not going to be a blocker,\u201d Fink said. \u201cAs a founder of my company, I am passionate about having the next generation running it.\u201d<\/p>\n<p>Asked how President Joe Biden should think about the question of retirement, Fink called it \u201ca personal decision.\u201d Biden has faced increased calls from within his own party to step aside after a shaky debate performance on June 27.<\/p>\n<p>\u201cHe has to think about it,\u201d Fink said. \u201cIt\u2019s important for him and his family and his role and his job.\u201d<\/p>\n<p>Fink and BlackRock \u2014 with $10.5 trillion of client assets \u2014 raised concerns about the retirement system earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What You Need to Know The 71-year-old CEO says he is ready and willing to give up his role when younger leadership is ready. Fink and BlackRock raised concerns about the U.S. retirement system&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/07\/larry-fink-works-to-prepare-next-generation-of-blackrock-leaders.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22155"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22155"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22156"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}