The Frank
Home
Today's Fastrack
About
Subscribe
BlackRock Ends DEI Policies

BlackRock Ends DEI Policies

author
author

The Frank Staff

The Frank Staff.
[email protected]
@TheFrank_com
The Frank Staff
author

The Frank Staff

The Frank Staff.
[email protected]
@TheFrank_com

Invalid Date

·

0 min read

Share options

Email
Facebook
X
Telegram
WhatsApp
Reddit

Investment and financial giant BlackRock is flipping the script on its diversity, equity, and inclusion policies, and in an email said that the company would be announcing several changes' regarding DEI. This is a reversal from a 2021 call from BlackRock CEO Larry Fink who told shareholders in 2021 that the company needed to "embed DEI into everything we do."

According to Fox Business, the leadership at BlackRock sent a company-wide email to staffers on Friday morning, where the executives said that BlackRock would be pulling back on DEI policies.

"Delivering for clients requires attracting the best people from across the world," Fink wrote in the memo signed by other company heads.

"We are committed to creating a culture that welcomes diverse people and perspectives to foster creative solutions and avoid groupthink. These values have been fundamental to our One BlackRock culture since our founding 37 years ago."

The email announced that there would no longer be any goals for racial representation at BlackRock and cited the "significant changes to the U.S. legal and policy environment related to Diversity, Equity and Inclusion (DEI) that apply to many companies" for the DEI changes.

"In light of this, we are conducting an ongoing review of our global practices and announcing several changes today," the email further stated. Although there will be no representational goal for personnel in the company, the letter said BlackRock will still welcome "diverse talent" worldwide.

"Our employee networks, which are open to all employees and to which over 90% of employees belong, will continue to serve as important resources for our colleagues," the letter added. "Last year, we welcomed more than 3,000 new colleagues and we are adding many more in 2025. Our connected and inclusive culture is imperative to achieving our commercial objectives and delivering performance for our clients."

BlackRock has been a particular target of conservatives in the financial space, with companies such as Strive, founded by Ohio gubernatorial candidate Vivek Ramaswamy, and other start-up investors citing the DEI policies of BlackRock as a reason to compete.

In 2021, Fink wrote in a letter to shareholders of the firm, "Just as we ask of other companies, we have a long-term strategy aimed at improving diversity, equity and inclusion at BlackRock. To truly drive change, we must embed DEI into everything we do."

BlackRock's 2023 business report, had a section dedicated to DEI and said that the company "believes a diverse workforce with an inclusive and connected culture is a commercial imperative and indispensable to its success. Ultimately, a dynamic, inclusive organization allows BlackRock to attract and retain top talent around the world and to stay ahead of its clients' needs."

The move from BlackRock is in step with other companies in the United States, such as Walmart and Amazon, that have been rolling back their DEI efforts or cutting them altogether.

Share options

Email
Facebook
X
Telegram
WhatsApp
Reddit

White House Says Trade Deal Reached with China

May 12, 2025

4 min

Trump to Sign Executive Order to Cut Drug Prices by Up to 80%

May 12, 2025

2 min

Zelensky Agrees to Meet with Putin in Turkey on Thursday

May 12, 2025

2 min

Trump to Accept Luxury Jet from Qatar to Use as Air Force 1

May 12, 2025

4 min

Hamas to Release Israeli-American Hostage Edan Alexander

May 12, 2025

4 min

NC College Student Killed by ‘Career Criminal’ as She Slept

May 12, 2025

2 min

Elizabeth Holmes’s Partner Raises Millions for Blood-Testing Startup

May 12, 2025

3 min

ICE Attacked During Arrest of Violent Illegal Immigrant

May 12, 2025

2 min

Actor John Cleese Suggests Hanging Stephen Miller ‘By the Neck’ — Deletes Tweet

May 11, 2025

1 min

DOGE Deactivates Over 500,000 Credit Cards

May 12, 2025

2 min

Diddy Trial Drama: Star Witness Vanishes Ahead of Testimony

May 11, 2025

1 min

Zelensky Responds to Putin’s Counterproposal: Ceasefire, Then We Talk

May 11, 2025

3 min

Ocasio-Cortez Not Ruling White House Bid Out

May 11, 2025

4 min

Male Wins Girls HS Track Events in Maine

May 11, 2025

2 min

Pope Leo Warns Over AI as MIT Researcher Finds 90% Probability of 'Existential Threat'

May 11, 2025

2 min

US-China Tariff Talks Continue Sunday, Trump Praises Progress

May 11, 2025

5 min

Jerusalem Post: Trump to Announce US Recognition of Palestinian State

May 11, 2025

3 min

Putin Proposes Direct Talks with Ukraine to End War

May 11, 2025

<1 min

DHS Weighing Arrest of Dems Who Stormed ICE Facility

May 11, 2025

2 min

Ex-‘Teacher of the Year’ Sentenced to 30 Years for Grooming Students

May 11, 2025

2 min

  • Today's Fastrack
  • About
  • Contact
  • Policy & Terms
  • Recaptcha