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  "documentTitle": "BlackRock (BLK)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona & Marco Taricco",
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  "presentationDate": "2024-04-09 00:00:00",
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  "notes": "Part 2 of 3 in a series. Uses a contrast-based argument to differentiate the activist's specific critique from generic market trends.",
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      "text": "The situation at BlackRock is completely different relative to the others.",
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      "text": "In contrast, our proposal at the BlackRock AGM is entirely based on the specific analysis of the lack of independent oversight, affecting in practice the malfunctioning of corporate governance and the external poor exercise of the stewardship function.",
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      "text": "The substantial difference lies in the fact that the boilerplate proposals regarding JP Morgan, GS, and Bank of America are argued based on the generic observation that Chair/CEO role separation enhances the 'checks and balances' mechanism.",
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      "text": "To conform the general trend, at the 2024 AGM season, four different shareholders submitted four proposals advocating for a split CEO/Chairman role at JP Morgan Chase and Co(1), Goldman Sachs Group Inc(2), Bank of America Corp(3) and of course at BlackRock Inc. by Bluebell Capital Partners. The situation at BlackRock is completely different relative to the others.",
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      "text": "1. https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/proxy-statement2024.pdf\n2. https://www.goldmansachs.com/investor-relations/financials/proxy-statements/2024/2024-proxy-statement-pdf.pdf\n3. https://investor.bankofamerica.com/regulatory-and-other-filings/proxy-statements##document-59453-0001193125-24-064529-2",
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      "text": "BlackRock's governance is worse than 'Worst Practice' (2/3)",
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