BlackRock CEO Larry Fink "Our job and this is where we can play a big social service..." May 8, 2024

BlackRock CEO Larry Fink: "If you look at just the US versus other developed countries like in Europe. Typically US companies today are trading 3 to 4 multiple points higher than European equivalents. And this is why you're starting to see more European companies re domicile out of the European exchanges into the United States. Our job and this is where we can play a big social service instead of trying to direct money, is to be working with governments to try to develop their own retirement system. And when you can develop a strong, you know, direct investment retirement system through that mechanism, you then build broader capital markets. That would take years and years to do that...we can play the biggest social purpose at BlackRock if we could help more countries lift up their retirement system to build a direct retirement system that will then over years and years build up their capital." https://twitter.com/newstart_2024/status/1788059697842413933