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.

ft.com/content/c1296b… via Louis Ashworth Brooke Masters

Company executives salivating over the potential for US-style pay for performance should also be expected to deliver the goods. ...It’s one thing to pay up for superior results. Rewarding mediocrity is something else entirely.
ft.com/content/3c8999… via @ft

“What’s at stake is a hope that the American public land is still the American public land and it can’t be controlled.” Brilliant piece by ⁦Oliver Roeder⁩ via Financial Times
on.ft.com/3vTSIac

Retailers have discovered the hard way that dealing with the public often requires the human touch. Other industries itching to use AI to cut their labour costs, should take note ft.com/content/dc1799… via @ft

Median vs Mean retirement savings of GenXers in the US.

40% of 401k a/cs have zero balance.

via Brooke Masters & Madison Darbyshire
ft.com/content/22f3da…

US investment funds pull $13.3bn from BlackRock in anti-ESG campaign via Will Schmitt ft.com/content/9306c8… via @ft

Warren Buffett in one of low points of his career got a phone call out of the blue with help. Previously untold anecdote from an obituary of another former Wall Street titan who died this week. on.ft.com/43ADxz6

“It’s a better mousetrap . . . Eventually the mutual fund is dead.”

Fantastic read by Brooke Masters Will Schmitt Madison Darbyshire and Harriet Agnew on 100th birthday of the mutual fund, an incredible invention that some people now think is obsolete. on.ft.com/3TOe2Hm

As the mutual fund celebrates its 100th birthday, many investors want something faster, cheaper or just different. Will one of the most successful financial products of all time slowly slide into irrelevance? ft.com/content/6d4f87… via @ft

What has replaced Silicon Valley Bank as start-ups’ favourite banker? Great piece by ⁦Tabby Kinder⁩ via Financial Times
on.ft.com/43b4MjC

Why top women on Wall Street remain rare: Who wants to wait in line for an uncertain shot at leadership, when she can go somewhere else and take charge right now?ft.com/content/da7ed5… via @ft

Big changes at Vanguard: chief Tim Buckley will leave $9tn asset manager this year via Financial Times
on.ft.com/3Te2Lzz

Asset managers that pull out of climate action groups are 'turning away from science' in an 'unnecessary reaction' to disinformation politices, says John Kerry. @attractamooney and Brooke Masters ft.com/content/513c7c… via @ft

IBM reopened its defined benefit pension plan. Will others follow suit? ft.com/content/51908f… via @ft

Bank of America recently began sending WFHers “letters of education,” reminding them of BofA’s “Workplace Excellence Guidelines,” as Wall Street pushes to re-educate its workers on the joys of coming to the office. on.ft.com/3u4y5XJ

This week on Behind the Money the Financial Times’s Antoine Gara & Brooke Masters join me for a deep dive on $BLK and Larry Fink’s latest big bet. ✈️🛣️🚄🚢

🎧: link.chtbl.com/ftbehind-the-m…

When BlackRock makes a deal, everyone on Wall Street pays attention -- Antoine Gara and I explain why on the @ft Behind the Money podcast ft.com/content/ac9bbc…

Just marvellous

“On Wednesdays we wear pink” - I had such fun joining⁦Lilah Raptopoulos⁩ on Culture Chat to talk about the new Mean Girls movie via Financial Times
on.ft.com/3vHCm3X

i”Be serious in what you do but don’t take yourself too seriously. When you become pompous, nobody wants to be around you.”

How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up via ⁦Antoine Gara⁩ ⁦Brooke Masters⁩ on.ft.com/3tVZ6fZ