Domain: tiger-web1.srvr.media3.us Blackrock just disclosed a 15.1% stake in Fox Corporation; likely responsible for shakeup. | Page 2 | O-T Lounge
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re: Blackrock just disclosed a 15.1% stake in Fox Corporation; likely responsible for shakeup.

Posted on 4/25/23 at 8:21 am to
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
21430 posts
Posted on 4/25/23 at 8:21 am to
Not sure what you're trying to say with this pic? The State of Wisconsin Investment Board runs the various pensions for state workers in Wisconsin. Most of their assets are indexed, and they run the index funds in house. The largest owners of most companies are index funds, so they're bought and sold as their weights in the underlying indexes changes. It's not a discretionary decision on the part of the asset manager reflecting some opinion on the merits of the company, they're just replicating a passive index.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298305 posts
Posted on 4/25/23 at 8:24 am to
quote:

Yeah that would explain the purge.


Social governance is now squarely located in the boardroom and HR offices.

No company should be powerful enough to have this much control. We have anti trust laws, we don't use them.

Mega corporations are bad for the consumer, bad for the worker, and only benefit the government and company.
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
12332 posts
Posted on 4/25/23 at 8:25 am to
quote:

scum of the earth. people like this want to take away the American dream. millennials will be the last generation to "own homes" the few millennials who get to. everyone else will be perpetual renters for life where 40%+ of their paycheck goes to rent.

So you don’t like capitalism?
Posted by S
RIP Wayde
Member since Jan 2007
170519 posts
Posted on 4/25/23 at 8:30 am to
quote:

Honestly it's kind of shameful that you aren't already aware of the ground shifting under your feet.


Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
149292 posts
Posted on 4/25/23 at 8:31 am to
quote:

One thing that I think needs clarifying: BLK doesn't actually own stakes in any of these companies. BLK is relatively unique among asset managers in that they do not have a proprietary trading business, i.e. they do not trade for their own accounts. The ownership stakes with which they are associated represent the ownership of funds, mostly index funds, that BLK manages on behalf of their clients. The clients are the beneficial owners of the shares of these companies, not BlackRock. If the ownership stake changes, it's typically because the weight of these companies in whatever indexes they're in, e.g. S&P 500, Russell 1000, etc, has changed.


Nawww this is Blackrock
This post was edited on 4/25/23 at 8:34 am
Posted by 632627
LA
Member since Dec 2011
14809 posts
Posted on 4/25/23 at 8:33 am to
Someone I’ve never heard of on Twitter says “could they (blackrock) have pushed Tucker out?”. OP says blackrock is likely responsible for shakeup.

If we’re going to yell about fake news coming from the dnc and their propaganda arm (the mainstream media), let’s not do the same.

The main shareholders of every major corporation will be fund managers, there isn’t some sinister plot here.
Posted by gerberbaby22
Member since Oct 2022
156 posts
Posted on 4/25/23 at 8:34 am to
quote:

buying entire neighborhoods from homebuilders in American cities.


Not just American houses. They're doing the same thing in France.
Posted by TDTOM
Member since Jan 2021
25588 posts
Posted on 4/25/23 at 8:34 am to
frick Larry Fink.
Posted by NIH
Member since Aug 2008
121395 posts
Posted on 4/25/23 at 8:37 am to
Libertarians might as well believe someone with a dragon will come down to rule
Posted by el Gaucho
He/They
Member since Dec 2010
58763 posts
Posted on 4/25/23 at 8:38 am to
quote:

Luckily those of you in south Louisiana won't feel the sting, as they aren't in that market yet.

Sorry y’all had to move to Texas just to rent a house
Posted by frequent flyer
USA
Member since Jul 2021
3409 posts
Posted on 4/25/23 at 8:41 am to
quote:

No company should be powerful enough to have this much control. We have anti trust laws, we don't use them.



We use them as a political weapon. Not for consumer protection.
Posted by GreatLakesTiger24
Member since May 2012
59690 posts
Posted on 4/25/23 at 8:41 am to
quote:

Blackrock would be a small company under Libertarian rule.



quote:

Its kinda like the soy boys don't understand the playing field at all.

I forgot more than you'll ever know about asset management. Don't you have some Chinese nationals to take down a path or a boat to unload?
Posted by frequent flyer
USA
Member since Jul 2021
3409 posts
Posted on 4/25/23 at 8:42 am to
quote:

Libertarians might as well believe someone with a dragon will come down to rule



Why so much hate for Libertarians? What did they do to you?

I promise that they are all over twitter and don't give a shite about FoxNews, ESPN's, or CNN's firings right about now.
Posted by MasterDigger
Member since Nov 2019
2838 posts
Posted on 4/25/23 at 8:45 am to
quote:

Source?
The millions of discussions on TD already covered this.

At some point, at least the stated points of the argument should be accepted as existing in-fact.
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
34365 posts
Posted on 4/25/23 at 8:56 am to
and there you have it.
Posted by wadewilson
Member since Sep 2009
41177 posts
Posted on 4/25/23 at 9:02 am to
quote:

millennials will be the last generation to "own homes" the few millennials who get to. everyone else will be perpetual renters for life where 40%+ of their paycheck goes to rent.


That rent ain't getting paid, baw.
Posted by wadewilson
Member since Sep 2009
41177 posts
Posted on 4/25/23 at 9:04 am to
quote:


So you don’t like capitalism?


No, he doesn't like crony capitalism.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/25/23 at 9:04 am to
quote:

The millions of discussions on TD already covered this.

At some point, at least the stated points of the argument should be accepted as existing in-fact.



Blackrock doesn't buy houses.

Other institutions do, but not blackrock. Blackrock is just a meme at this point.
Posted by Havoc
Member since Nov 2015
38713 posts
Posted on 4/25/23 at 9:05 am to
quote:

Tucker put a bunch of stuff in writing, including criticisms of his bosses that those bosses got to read. The other stuff he wrote was used as evidence in a lawsuit Fox settled for 3/4 of a billion dollars. But yeah, must have been Blackrock and proxy voting power.

Maybe so.

Or maybe it was a Sue and Settle screw job and Tucker was just collateral damage or lagniappe.

Sue and settle is when two colluding parties predetermine litigation and ultimate resolution via settlement for some larger purpose. I don’t know if it was invented by Obama’s regime but they certainly perfected it with many EPA and enviro-related lawsuits.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298305 posts
Posted on 4/25/23 at 9:05 am to
quote:

I forgot more than you'll ever know about asset management


You know nothing about anything else, Gomer.

Blackrock became a partner with the Fed in bailing out firms in the financial crisis and current consulting, based on non competition.. Their current investment practices are non competitive because they have fed backing.

Both of those things are antithical to "liberty."


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