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[BlueAlien]

Larry Fink, 61, tall and outgoing and passionate about his business, is the chairman, CEO, and co-founder of the largest asset-management company in the world, BlackRock.

At 6:00 a.m., in his office, he hopes for an hour of what he calls “dead time”: time to think.

then--as the financial world blew up--no less than the then-largest asset manager, Barclays Global Investors, with its mountain of exchange-traded funds (ETFs) called iShares.

He doesn’t fight the characterization, conceding, “I ruin everybody’s life.”

By the end of 2013 the company had a colossal $4.3 trillion of assets under management (AUM). For the year, the company’s fees from managing that pile ran to about $9 billion--about 22 basis points per dollar of assets. Other businesses took in $1 billion in revenues, for a company total of $10 billion, along with $2.9 billion in profits. What was once eight partners has grown to more than 11,000 employees worldwide.

The question of how much power BlackRock draws from the multitudinous shares it has to vote--and then how it chooses to use power--is complex

So if a proprietor of a passive fund--say, a BlackRock--wants to improve the quality of the kingdom, the only weapons available are words or votes.

Still, he did receive what he describes as “angry” calls from two activists--Carl Icahn and another Fink wouldn’t identify--who were less admiring of the message

Fink himself appears ambivalent about the subject of BlackRock’s power. He clearly likes having “a voice” and may even see its judicious use as helpful in his negotiations with Washington.

No company wishes to be a SIFI because these creatures (which include three nonbanks that have already fallen into the pen--GE Capital, American International Group, and Prudential Financial) must report to the Federal Reserve, whose regulation is expected to be strict.

a colleague, is “unrelenting.”

http://fortune.com/2014/07/07/blackrock-larry-fink/