Owners influencers over Home Depot Narrative
Black Rock Fink Home Depot and More
Black Rock is owned and controlled by Larry Fink. They are a fund manager and political activist. Mr. Fink seeks to use these levers of power to recreate a world in his desired image. He boasts of doing so frequently. Is his world the one the reader desires?
Home Depot has just over 1.3 billion shares outstanding. Vanguard Group is the largest shareholder with just under 89,000,000 shares. Black Rock owns 46,251,595 shares. Black Rock owns 13.64% of Vanguard. Vanguard has nearly a 8% ownership in Black Rock. Vanguard and Black Rock also have substantive stakes in other large Depot shareholders. Larry Fink has access, control, and influence over a huge chunk of Depot stock. No CEO can buck him and remain employed. They must do as he desires. Remember the stock buy back last year? Indeed.
America has come full circle. We had interlocking boards in the 19th century to create large trusts and monopolies in steel, rail and oil among others. Teddy Roosevelt broke those up with antitrust enforcement. Now it appears they have returned in a new format and Mr. Fink is the tip of that huge spear.
Exhibit 1. Article analyzes Mr. Fink and his attitudes. The short pieces in bold should be reviewed. Depot is silent on merchandise and product acquired from Red China especially any that may be coming from slave labor. Mr. Fink toes the same line. Pot and kettle are indeed black.
Exhibit 2. The bold sections in this article uncover the problems created for Depot and any other company whose shares are in part owned, influenced or controlled by Black Rock. The author indicates 5 to 6 percent grants unfettered access. Black rock has almost double that or more controlled, influenced and owned of Depot stock.
Exhibit 3. This article reviews Black position and holding eight years ago. They have only increased substantially since then. The infamous comment by Larry “As I told Washington…” appears. If he tells Washington what are his dictates to Craig’s List at Depot?
Exhibit 4. Article describes actions by Fed to actually work for the benefit of Black Rock. Regulatory capture by business and creating the appearance of a conflicted interest is more than noteworthy when the targets are the Fed and the Fed Chairman. If this was a nation it would be called a bloodless coup. And you think Fink is not calling the shots at Depot one way or another?
Probably unrelated but Depot stock has fallen $100 a share since the end of January 2022. When it drops under $300 it always bounces back up. Has been witnessed no less than three times. If the reader believes in coincidence, then nothing to see here. Synchronicity, now that may be another kettle of fish altogether. Plunge protection activation time anyone? Who knows?
Exhibit 5. The term sustainable means profit exchanged for a particular social narrative. Denying carbon fuel energy makers access to capital ensures less energy produced. Less energy impacts agricultural production and that impacted production means more of the world’s poorest go from starving to starved. This writer believes man is steward over Creation not a worshipper of it. Are not we our brother’s keeper? Climate change has little or nothing to do with man. That is the real science if that word is still defined as fact and knowledge. The reader must again choose.
Exhibit 6. Another example of potential Black Rock protection and profit provided by the Fed. Mr. Icahn with his entire portfolio of history, calling out another is laughable but for the seriousness. Home Depot being influenced, if not controlled, by a very dangerous company?
Exhibit 7. Humor that may not really be all that funny.
Exhibit 8. Globalization has run out of worlds to conquer just like Alexander before them. His empire did not flourish either.
Exhibit 9. Home Depot locked stepped with CDC as if it was a fourth branch of government. Mask mandates employed, useless wipes provided, and vaccines pushed leading to adverse outcomes. Is there a correlation between what and why Fink may have wanted this? Good for business? Shareholder value? You think any CEO will resist? Read the bold pieces of the article and decide.
Exhibit 10. Fink states he is forcing behaviors. Force!!! You will comply!!! Read the bold in this article. Brute force and economic might employed for what he decides is right. The Bolsheviks used guns in Russia.
What began as a review of ownership of Depot stock changed direction completely. These Exhibits only touch the surface of a much greater and frightening malaise.
Does Mr. Fink, the man that controls and influences Depot, aspire to create a global financial system run like Red China with him at the top? Worse, the dominos and bricks needed are quickly falling in place. Home Depot in this context is little more than a brick or two in that wall. Is this the future you the reader wish to give to the next generation as their inheritance?