When Blackrock’s Larry Fink wrote in a well-publicized letter that a corporation should operate with their long-term shareholders in mind, he didn’t realize that it would cause such a controversy. His point was more about the need to have more long term thinking in corporate management. He points to a short-term thinking that cannot last, including corporate management handing out 108 percent of earnings in stock repurchases. Fink doesn’t have problems with activists who are long term focused Speaking at the DealBook conference at the Whitney Museum of American Art in New York, Fink was consistent in addressing corporate management that accommodates…
Larry Fink Maintains Short Term Focus Hurts Corporations, Society
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.