BlackRock has hired a law firm to conduct a review in response to a former employee's claims that she faced racial and sexual discrimination while working at the $8.7trn fund giant.
BlackRock CEO Larry Fink said in a staff wide memo seen by Investment Week that the company is retaining the law firm Paul, Weiss, Rifkind, Wharton & Garrison to conduct a review, following the complaints and other incidents that have come to light in recent weeks. "Like you, I have been deeply disturbed by the series of recent reports related to employee misconduct at BlackRock. Incidents we've read about today and in recent weeks vary widely, but what they all have in common is that they should not happen at BlackRock," Fink wrote. He said: "These articles have left questions about ...
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