Business

BlackRock’s Larry Fink pushes for employee retirement plans

The real Larry Fink ju༺st stood up — and he’s worrie👍d about retirement.

Just one day after pranksters issued a fake letter from the BlackRock bo🦩ss that falsely claimed his mammoth fund planned to sell stocks that weren’t compliant with the Paris Agreement, the real Fink called on his fellow CEOs to do more to ensure their employees’ safe retirement.

“Retirement, in particular, is an area♉ where companies must reestablish their traditiona💛l leadership role,” Fink wrote in his annual missive.

Faced with “fundamental economic changes and the failure of government to pꩵrovide lasting solutions,” Fink argued that companies and the peop💟le that run them take up the mantle.

He went on to argue that companies can focus on purpose while als🦂o pursuing profits, noting th🍰at financially underprepared workers face “enormous anxiety” which leads to “undermining productivity.”

🔯“In doin🍎g so, companies will create not just a more stable and engaged workforce, but also a more economically secure population in the places where they operate,” Fink wrote.

Fink’s ꦬletter is widely read both in and out of the Wall Street community as BlackRock, which manages nearly $6 trillion, is often one of the largest shareholders of the wo🐓rld’s largest companies.

He has previously c🏅autioned against short-termism and the use of share buybacks at t🤡he expense of innovation.

Sensing a shift in investment priorities as more socially conscious millennials enter their asset gaining years, Fink warned that compan🥂ies need to also change.

“As wealth shifts and investing preferences change, ♌environmental, social, and governance issu🤡es will be increasingly material to corporate valuations,” Fink wrote.

Meanwhile, Wednesday’s𝓡 fake letter, seemingly issued by activist group The Yes Men, was reminiscent of Fink’s usual tone🦩 — save for the call to sell assets — which is partly why it was reported as fact by some media outlets that received it.

“The steps we think BlackRock should take are n🌜ot pie-in-the-sky ideals, they are feasible, market-based pivots,” the group said in an email to The Post late Wednesday, adding that it “pledge[s] to continue ghostwriting for [Fink] until he gets it right.”