The New Global Monarchy: The Big 3 Mega-Fund CEOS
BlackRock, State Street, and Vanguard vote in lockstep on many corporate issues. They have about $20 trillion in assets under their management. That's on par with the GDP of the United States of America. When three CEOs can get in a room and switch a vote to change out the board members of a company or change the entire culture by deciding to vote for things like targets for net-zero emissions by 2050, it's dangerous on many levels.