Before BlackRock Became Untouchable, Carl Icahn Told Larry Fink His $4.8 Trillion Empire Was Protecting Bad CEOs— And He Had a $9 Billion Example to Prove It

Benzinga_recent_news07-11 21:01

Icahn also argued that BlackRock’s immense influence, managing about $4.8 trillion at the time, allowed it to protect entrenched management teams instead of supporting shareholder-driven reforms. “…....

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亿美元的例子来证明这一点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOTU":1.5,"BLK":1.5,"FDFF":0.6},"content_text":"Icahn also argued that BlackRock’s immense influence, managing about $4.8 trillion at the time, allowed it to protect entrenched management teams instead of supporting shareholder-driven reforms. “….you use it to protect these guys as long as they do what you want,” said Icahn. \nWhile emphasizing that he respected Fink personally, Icahn said BlackRock’s voting practices were “very dangerous” for U.S. capital markets because they discouraged accountability and meaningful corporate change.\nBlackRock’s ties with Motorola date back to the early 2000s, when it became one of the company’s largest institutional shareholders. The relationship was purely as an investor, with BlackRock holding shares on behalf of clients and voting on corporate matters.\nThe connection became highly visible during Carl Icahn’s 2007–2008 activist campaign, when he accused BlackRock of supporting Motorola’s incumbent board instead of backing his proposed reforms. Following Motorola’s 2011 split, BlackRock continued to hold investments in the successor companies, including Motorola Solutions.\nMotorola Solutions is expected to report earnings on Aug. 6, 2026, with analysts forecasting EPS of $3.77 and revenue of $3 billion, up from $2.77 billion a year earlier. 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