ERISA litigation often equates the fiduciary duties of prudence and loyalty — but a federal judge has drawn a distinction in a controversial case involving ESG.
Mark Wiedman, one of BlackRock Inc.’s most senior executives and a potential successor to Chief Executive Officer Larry Fink, is leaving the world’s largest asset manager in a shuffle of its top ranks ...
The defendants’ board members who are less personally invested than LarryFink may well conclude that it is better to walk away than to cling to their net zero commitments and their ESG sales ...