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The world's largest publicly traded companies must take a more active role in solving social issues or face blowback from investors, the CEO of BlackRock said Tuesday.
"To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society," Laurence Fink wrote in his annual letter to CEOs of companies in which BlackRock invests. BlackRock is the world's largest money manager, with more than $6 trillion in assets.