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  "documentTitle": "BlackRock (BLK)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "presentationDate": "2024-04-09 00:00:00",
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  "notes": "Uses a 'villain' framing by highlighting the 'socially dangerous' nature of the executives and BlackRock's complicity via voting.",
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      "kind": "callout",
      "text": "BLK voting actions imply that it is in the best interest of their clients for a company to not pursue compensation for damages against former executives sentenced to jail (at the time of voting, on first degree judgement) for false accounting and market manipulation",
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      "text": "At the 2021 AGM of Banca Monte dei Paschi di Siena, BlackRock voted against the proposal for liability action against the bank's former Chairman, Mr. Profumo, and CEO, Mr. Viola, who had been sentenced by the Tribunal of Milan, in October 2020, to six years in jail after being found guilty of committing false accounting and market manipulation during the 2012-2015 period.",
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      "kind": "quote",
      "text": "marked ability to commit a crime — Tribunal of Milan; full and conscious adherence to the delinquent plan — Tribunal of Milan; socially dangerous — Tribunal of Milan; the evidence seems decisive — Tribunal of Milan; the inclination to lie of the new management, willing to affirm falsehood in order to preserve the existing — Tribunal of Milan",
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      "kind": "source-note",
      "text": "1. In first degree to six years in jail. 2. June 2021 BlackRock voting at BMPS AGM. Source: https://vds.issproxy.com/SearchPage.php?CustomerID=10228 3. Tribunal of Milan - Sentence MPS Case RGNR 955/205 - 7 April 2021",
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      "text": "Proxy Voting Results - BlackRock, Inc. Vote Disclosure",
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      "kind": "title",
      "text": "BlackRock's vote AGAINST liability action vs. convicted(1) CEO and Chair",
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      "evidence": "Contrasts BlackRock's stated ESG/governance principles with their actual voting record against liability for convicted criminals.",
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