BlackRock and Vanguard own 26% of gunmaker Ruger, whose directors are tied to harmful industries and causes.
A network of investors, banks and directors are the real power behind Ruger, providing the company financing and governing as it profits from harm like that committed against Shireen. These profiteers behind Ruger include major corporate actors like BlackRock and Vanguard, as well as board members tied to a host of harmful industries and causes., two single asset managers — BlackRock and Vanguard — own more than a quarter of the company.
BlackRock and its CEO Larry Fink have made gestures in recent years around the social responsibility of investors. Fink’s 2018to CEOs, for example, stated that “[s]ociety is demanding that companies, both public and private, serve a social purpose,” and that “[t]o prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.
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