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Interview

Invasion of Ukraine will 're-imagine' globalization: BlackRock CEO

Larry Fink discusses stakeholder capitalism, energy security and Fed policy

The response to the war in Ukraine has highlighted how corporations are focusing more what employees and clients want, BlackRock CEO Larry Fink said. (Photo by Tetsuya Kitayama)

NEW YORK -- Globalization as we know it has come to an end with the Russian invasion of Ukraine as political and security concerns play a larger role in corporate decision-making, BlackRock CEO Larry Fink recently told Nikkei.

"Access to capital is a privilege," Fink said of Russia's isolation from global markets during the war. The rise of stakeholder capitalism is pushing companies to mount their own responses to the situation, he noted.

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