Academic literature on the topic 'Inc BlackRock'

Institutional investor ownership has often been considered a corporate governance variable, typically used to proxy those investors’ ability to influence managers and to expropriate wealth from smaller shareholders. Large institutional investors have developed common holdings across numerous firms within industries. We consider the effects of institutional investor ownership on the performance of banks and insurance companies. Using a generalized autoregressive conditional heteroscedasticity model with firm- and year-fixed effects, we find strong statistical relation between performance and individual firm’s ownership stakes by Blackrock, Inc. and Fidelity Investments. Moreover, we find a positive and statistically significant relation between performance and the percentage of the industry’s equity owned by the Blackrock, Fidelity, State Street and Vanguard. The findings suggest that organizations like Blackrock are successful in obtaining long-term returns by exerting influence over the management of their invested firms, which is consistent with recent statements by the CEO of Blackrock but is also consistent with a “bet on the winners” strategy.

From city streets to City Hall and to Midtown corporate offices, this book is the incredible true story of how one middle-class community defeated the largest residential real-estate deal in American history. As a lifetime Stuy Town resident and former City Councilman, the author recounts how his neighbors stood up to mammoth real-estate interests and successfully fought to save their homes, delivering New York City's biggest-ever affordable-housing preservation win. In 2006, the author found himself engaged in an unexpected battle. Stuyvesant Town was built for World War II veterans by MetLife, in partnership with the City. Two generations removed, MetLife announced that it would sell Stuy Town to the highest bidder. The author and his neighbors sprang into action. Battle lines formed with real-estate titans like Tishman Speyer and BlackRock facing an organized coalition of residents, who made a competing bid to buy the property themselves. Tripped-up by an over-leveraged deal, the collapse of the American housing market, and a novel lawsuit brought by tenants, the real-estate interests collapsed, and the tenants stood ready to take charge and shape the future of their community. The result was a once-in-a-generation win for tenants and an extraordinary outcome for middle-class New Yorkers. The book shows how creative problem solving, determination, and brute-force politics can be marshalled for the public good. The nine-year struggle to save Stuyvesant Town by these residents is an inspiration to everyone who is committed to ensuring that New York remains a livable, affordable, and economically diverse city.