Holding Fast to Our Moral Center: A Wake-Up Call from the College Admission Scandal

Wow. The college admissions scandal that broke into the headlines this week included several individuals who live right in my Laguna Beach neighborhood, or very nearby. I can’t stop thinking about these parents—many of them well-regarded pillars of their communities. At last count, 33 parents are being charged with racketeering, and they will likely serve prison time. 

How could someone with an impeccable career, a vast accumulation of wealth, and nothing but a sunny horizon ahead, make such poor decisions as to bribe a coach or make a payoff to get their child into an elite school? It’s a terrible example these people have set for their kids, their employees, and their communities. 

Read More

BlackRock’s Larry Fink Lays Out His Grand Challenge for CEOs

BlackRock CEO Larry Fink has spoken again, and this year he’s raising the bar. 

A year ago, Fink wrote a letter to CEOs that sent shockwaves through the business community. Directed at those companies where BlackRock invests, Fink set out an imperative for companies to take a longer-term view of business value. Some responded skeptically to his challenge, while others struggled to find a path to that vision.

This year Fink gets more specific, advocating for practices BlackRock believes will drive sustainable, long-term growth and profitability. He is also looking for business to step up to some very real challenges.

Read More