BlackRock – The company that owns the world?

BlackRock – The company that owns the world?2018-10-04T12:39:24+00:00

Project Description

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BlackRock – The company that owns the world?

May 6th, 2018

Summary

There’s a good chance you have never heard of BlackRock. In less than 30 years, this American financial firm has grown from nothing to becoming the world’s largest and most trusted manager of other people’s money.
The assets left in their care are worth a staggering 6.3 trillion US dollars – a figure with 12 zeroes.
How much and where does BlackRock invest in Europe?
How does this enormous financial power exert its influence and to what consequences for European companies and their employees?
And will BlackRock’s recently-announced social expectations – from companies it invests in – help make the business world a better place?
Together with the Dutch research platform “Follow the money“, Investigate Europe´s team has researched these questions.
BlackRock declined our requests for interviews. It also refused to answer IE’s questions submitted in writing.
However, economists, politicians, bankers, investors, researchers, managers and former BlackRock employees have contributed to describing a company like no other.
Their knowledge shows a global money giant with customers in 100 countries that:
– undermines competition through owning shares in competing companies;
– blurs boundaries between private capital and government affairs by working closely with regulators;
– advocates for privatisation of pensions schemes in order to channel savings capital into its funds;
Take a closer look with us.

Media Partners

“Por qué BlackRock domina el presente y el futuro del mundo”
“Why BlackRock is dominating the present and the future of the world”
“Verdens mektigste mann du aldri har hørt om”
“The most powerful man in the world that you never heard of” (€)

Series about BlackRock in Stavanger Aftenblad, Norway, May/June 2018

Flybilletter blir dyrere når samme selskap eier konkurrenter
“Flights become more expensive when the competitors are owned by the same company”

Miljøaksjonærer presser på i Shell
“Enviromental shareholders are pressing Shell”

BlackRock-sjefens månedslønn er like stor som selskapets årlige skatt til Sokndal kommune
“BlackRock boss’s monthly salary is as big as the company’s annual tax to Sokndal municipality”

Oljefondet gjorde som BlackRock ville. Til i år
Norway’s Oil Fund did what BlackRock wanted. Until now.

Series about BlackRock in Efsyn, Greece, May/June 2018

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