Economics
Charlie Rose Talks to BlackRock’s Larry Fink
The chief executive officer of BlackRock discusses the economic impact of Greece, cheap oil, and D.C. gridlock
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Your company manages $4.6 trillion in assets, more than anyone. How did that come about?
I surrounded myself with really smart men and women. We had a really simple business model. We remain what we were 27 years ago. We’re only an asset management company. All our business is on behalf of our clients. All our revenues are from our clients. We don’t have our own accounts. When we started the company, 25 percent of the founders had a technology and risk-management background, and we’ve been able to consistently build this platform. We believe in globalization, and we’re in 41 different countries where we have over a billion dollars of assets on behalf of our clients.