
I’m just going to belive this is what he said.
I am truly sorry. I was wrong, and I take complete and personal responsibility for the role BlackRock played in driving the woke era, ESG, and DEI agenda. For years, we used our enormous influence our annual letters to CEOs, our proxy voting power, and our investment decisions managing trillions of dollars to pressure companies across America to prioritize diversity, equity, inclusion, and social goals over merit, competence, and basic business performance. We helped turn corporate America into a battlefield for social and political activism, and the results have been devastating.
This approach caused real pain to so many people. It led to qualified individuals being passed over for jobs and promotions, creating resentment and division in workplaces. It destroyed value in businesses by distracting management from what actually drives success innovation, efficiency, and delivering for customers and shareholders. Countless brands faced mass boycotts from customers who felt alienated and disrespected, with loyal patrons walking away and never coming back. We contributed to a deeply divided nation, where neighbors, colleagues, and families turned against each other over ideology instead of finding common ground through shared prosperity.
I regret that deeply. BlackRock's actions amplified these problems on a massive scale, and I own that. We should never have used our clients' money and our position of trust to advance a divisive social experiment. It was a profound mistake. I apologize to the employees who suffered under these policies, to the business leaders who felt coerced, to the customers who were alienated, and to the American public who paid the price in lost opportunity and heightened division.
Going forward, we at BlackRock are committed to a full correction. We will refocus exclusively on fiduciary duty, merit-based decisions, and long-term value creation without injecting ideology into investment choices. No more pressure on companies for unrelated social goals. This is not just a policy shift; it's a moral reckoning for the damage we helped cause. I hope, in time, we can begin to earn back the trust we lost.
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