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If BlackRock sells all of its UNP stock. It would cause the stock price to drop. When it drops it will cause others to sell UNP stock out of panic. A domino effect.
It is everything relative to causing up lay-off. It is a corporate raid,cash grab, or whatever you wish to call it. We were already breaking record earnings every quarter before this cluster began. Please name any other reason to destroy a profitable company that is consistently beating last quarter earnings.
Black rock is interested in climate change like they’re interested in solving world hunger. They could care less. It’s a PR plug to make them look like something other than the greedy, ruthless, corporate crushing thieves they are. They’re in it for the billions of bucks and are worried because Academia, Think Tanks, and Congress are starting to realize how damaging the ETFs and hedge funds are to the overall longer term economy. This makes the common folk think they’re all warm and fuzzy for thinking about the environment. Yeah, right.....pull this leg and it’ll whistle the Yellow Rose of Texas...
I believe BlackRock is behind the move to efficiency. It just in the railroad industry it is called PSR.
Good for them! How is this relevant to UP layoffs?
Vanguard has the company 401ks
Only ones that will pay for climate change is the American Citizen thru higher energy costs and fees. It’s a scheme to redistribute wealth from wealthy nations to the poor undeveloped countries. I’m sure Blackrock will somehow make money from it with political connections!
BlackRock has a 4.43% stake/ 30,719,646 shares owned/ $5,553,804,800 total value ($) in UNP stock.
Vanguard has a 8.52% stake in UNP stock.