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BlackRock's ultimatum to CEOs: Help society or else

BlackRock CEO
BlackRock CEO Laurence Fink. Photo: Fabrice Coffrini / AFP via Getty Images

BlackRock CEO Larry Fink will send a letter to business leaders Tuesday informing them that their companies must contribute to society if they want to receive support from his firm, according to the NY Times.

Why it matters: BlackRock is the world's largest investor with more than $6 trillion in assets under management.