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BlackRock, the high-profile global investment firm, has hired Cornerstone Government Affairs for strategic counsel on asset management industry dynamics related to working with Congress.
Due to its past commitment to environmental and social issues, Larry Fink’s firm has been front and center in the anti-woke backlash.
Indiana on Aug. 21 issued a cease-and-desist order against BlackRock for alleged securities fraud tied to its ESG products. Secretary of State Diego Morales accused BlackRock of misleading investors about its efforts to push ESG goals.
Despite the Hoosier State tussle, BlackRock’s support for shareholder ESG issues is but a fraction of its 2021 peak.
It backed 20 of the 493 ESG proposals, or four percent of the total, put forward at annual meetings during the 12-month period ended June. That compares to 47 percent of the 2021 proposals.
Cornerstone's David Planning and Christopher Hodgson handle the BlackRock push.
Planning was president Donald Trump’s special assistant for legislative affairs, handling outreach to the Financial Services and Energy & Commerce Committees. He also also worked on relations with leadership of the Republican Party.
Hodgson was vice president Mike Pence’s special assistant for legislative affairs, and deputy floor directory for House Majority Whip Steve Scalise.
BlackRock has $10.6T in assets under management.
Trump-connected Ballard Partners has agreed to represent Chinese video app TikTok, which must be divested from Bytedance by next April, or face US ban.
Scott Weaver, who co-founded advocacy and consulting firm HSA Strategies in 2022, comes to Nexstar Media Group as SVP of government relations, effective Sept. 5.
Klein/Johnson Group reps the Alliance to Protect Nantucket Sound, the Hyannis-based non-profit that spearheaded the opposition to the Cape Wind offshore energy project.
The Korea Aerospace Administration, which launched May 30 to oversee space policy and to nurture space-related businesses, has tapped former NASA executive John Lee as its US representative.
The firm of former Senate Majority Leader Tom Daschle represents Grindr LLC, the West Hollywood-based gay dating and social networking app.
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