BlackRock's Larry Fink Puts CEOs on Notice

Larry Fink's annual letter to CEOs emphasizes the need for companies to adapt to global changes and focus on long-term strategies, particularly in ESG areas. BlackRock, as a major shareholder, wields significant influence and expects companies to pivot and address environmental and social governance issues. The letter outlines four key areas for companies to focus on: sustainability, environmental risk management, community engagement, and global-local thinking. Fink warns that BlackRock will vote against boards and compensation plans that do not align with long-term interests.

What does Fink mean by the term 'short term ISM' and why is it a concern?

What are the four secrets to winning BlackRock's approval according to the letter?