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BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash

Asset manager’s CEO has become a popular target for criticism over its ESG investing stance

BlackRock more than tripled its spending on home security for Larry Fink last year, after the asset manager’s chair and chief executive became a target for “anti-woke” activists and conspiracy theorists.

The $10.5tn money manager paid $563,513 to “upgrade the home security systems” at Fink’s residences during 2023, on top of $216,837 of protection by bodyguards, according to BlackRock’s disclosure of executive compensation in its proxy filed earlier this month.

The 71-year-old head of the world’s largest money manager has been singled out by conservatives and fringe groups as part of a backlash against BlackRock’s use of investing based on environmental, social and governance factors.

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