>Then take into account the massive reputational downsides to having institutional investors "pull out" of your company.

I have seen black rock and others moderate their stake up and down in companies without it being even remotely newsworthy.

"BlackRock reduces stake in Sylvania Platinum to below 3%"

OMG Sylvania must be resisting the EVIL BIDEN DEI INITIATIVES!

>The institutional investors operate in lock-step

If the goal is making lots of money, probably they would have reasonably similar goals. But thats not what BlackRock gets accused of most commonly.

>you have to force behaviors

You mean this quote?

“Behaviors are going to have to change. This is one thing we’re asking companies. You have to force behaviors. At BlackRock we are forcing behaviors.”

I cant believe so many panties are knotted over a throwaway pick me inclusion quote.

Which Behaviors? Which Companies? Define Force?

Surely you cant suggest that this random linkedin article that dripped out of this idiots mouth is even remotely evidence?

>devil's advocate.

Its not really faustian advocacy to fail to understand the huge deal being made of largely nothing. I get that conservatives, especially american conservatives, are incredibly stupid and will bite down on the oldest, flimsiest whiff of bait. But to try and pretend theres anything to it at all is pure insanity.

> this idiots mouth is even remotely evidence

I'm confused, what linkedin post? You mean something the CEO said in an off-the-cuff interview is equivalent to a random linkedin post?