BlackRock’s Larry Fink is panicking on live TV over President Trump’s plan to strip woke asset managers of their corporate voting power.
This is the clearest sign yet that Trump is directly targeting the engine of ESG control — and Fink knows he’s one executive order away from losing the influence he’s spent decades building.
The interviewer asked about Trump’s rumored executive order banning mega-funds like BlackRock, State Street, and Vanguard from voting on behalf of shareholders.
Fink’s reaction was pure fear:
“If that became an executive order, foreigners will have more power… is that the outcome we want?”
Translation: Please don’t take away the voting bloc I use to pressure companies into ESG compliance.
But he kept going — and it got even more revealing:
“Almost every CEO who approaches BlackRock is frightened of that outcome.”
You don’t say.
CEOs aren’t afraid of shareholders — they’re afraid of Larry Fink and the voting power of $10 trillion in assets he uses to enforce ideology.
Then Fink slipped in the quiet part:
“Last year we voted 98.8% with management.”
Exactly.
BlackRock votes with the insiders, not the owners.
That’s why Trump’s move is so devastating: it returns voting power to actual Americans — the retirement savers, pension holders, shareholders — instead of one unelected mega-corporation.
And Fink sees what’s coming:
“Tokenization… every asset owner will become the ultimate voter.”
He’s describing a future where BlackRock loses its chokehold on shareholder democracy.
This is why he’s rattled:
✔ Trump can end ESG power overnight
✔ CEOs won’t have to kiss BlackRock’s ring
✔ Retail investors regain control
✔ Woke capital collapses
Larry Fink looks like a man who knows the era of corporate authoritarianism is coming to an end.
No wonder he’s sweating.