K-STREET, 10,000 FEET: Goodbye Green-Bricked Road: BlackRock's evolution from Woke Wall Street to Trump's good graces
THE LOWDOWN:
BlackRock, the one-time boogeyman of Woke Wall Street is leaving the Green-Bricked road of the left, has found itself a home in President Donald Trump’s good graces after a business metamorphosis.
BlackRock is continuing its shedding of DEI, ESG, and other leftist corporate policies as the company’s changes take hold.
The move impressed conservatives, including President Trump, who gave the investment firm a Joint Address to Congress shout-out for their work in Panama ahead of the president’s second term.
A person close to the Trump administration told the Reporter, “BlackRock was correct to end DEI and ESG practices.”
BlackRock, the one-time boogeyman of Woke Wall Street, is leaving the Green-Bricked Road of the left and has found itself a home in President Donald Trump’s good graces after the business’ metamorphosis away from leftist corporate policies.
The top-tier financial investment firm announced it was abandoning its long trek into environmental, social, and governance (ESG), diversity, equity, and inclusion (DEI), and other leftist corporate policies last year.
Since then, the company has bolstered America and the nation’s interests at home and abroad, and Republicans have taken note. BlackRock recently led a $23 billion deal to bring Panamanian ports under American corporate ownership as China eyes the Central American nation.
The move impressed Republicans including President Trump, who gave the investment firm a Joint Address to Congress shout-out for their work in Panama ahead of the president’s second term.
BlackRock has also received praise from the House Select Committee on the Chinese Communist Party, vocal China hawk Sen. Tom Cotton (R., Ark.), and newly-minted Sen. Tim Sheehy (R., Mont.), a tough-on-China Republican.
A person close to the Trump administration told the Reporter that “BlackRock was correct to end DEI and ESG practices.”
“They are one of the most talented investment firms in the world and were savvy enough to help Trump get a win in Panama,” the source said.
“Somehow Blackrock, of all companies, has set the standard for rejecting DEI, embracing merit, and even giving Trump a win on the Panama Canal,” a Senate leadership aide told the Reporter.
“Wouldn’t have predicted this a couple years ago but good for them. Other woke banks like JPMorgan and Discover better follow suit fast or they’re going to have subpoenas from the new CFPB,” the aide continued.
BlackRock’s metamorphosis has continued into 2025, with BlackRock leaving the United Nations-backed Net Zero Alliance in January of this year.
Additionally, the company’s senior leadership announced to employees last month that it is shifting away from DEI by ending any diversity hiring requirements, as well as that DEI references will be removed from the firm’s annual report. BlackRock’s ESG voting on shareholder proposals also dropped significantly from 40 percent in 2021 to just four percent in 2024.
BlackRock’s journey away from eating the leftist lotus illustrates two important things: that conservatives are defeating DEI and leftist, anti-American policies at the ballot box and in the economy.
It also proved that BlackRock heard the public’s criticism over the years and is now trying to right the ship.
This leading by example opens up the door for more companies that are still devouring flowers to follow BlackRock’s spiritual journey.
