[somenameforme]

I just don't think this is a practical argument. You have zero control, influence, or access to the businesses BlackRock controls. By contrast Larry Fink has the power, which he has regularly exploited, to reshape entire economies at the snap of his fingers, let alone just one of the many businesses under their control.

[boeingUH60]

Which is exactly what investors pay Fink and the BlackRock team to do. Most people don't have time to analyze and choose things to invest in, so they offload that responsibility to BlackRock in exchange for some fees. The system is working as intended.

[mitthrowaway2]

To me, the bigger issue is whether BlackRock just gets paid a fee to manage the portfolio composition, or whether they can also exercise voting rights on shares in their ETF.

[ericjmorey]

They disclose all of what you're interested in: https://www.blackrock.com/corporate/insights/investment-stew...

[swexbe]

Institutional investors have to option of retaining voting rights. About 1/4th seem to do so.

https://www.blackrock.com/corporate/about-us/investment-stew...