'They're not ready': Why BlackRock's Larry Fink is sticking around as CEO

Core Viewpoint - Larry Fink, the CEO of BlackRock, expresses a desire to eventually step down but acknowledges that the next generation of leadership is not yet ready to take over [2]. Leadership Transition - The potential successors to Fink include Rob Goldstein (COO), Martin Small (CFO and global head of corporate strategy), Rachel Lord (head of international), and Stephen Cohen (chief product officer) [3]. - The leadership lineup experienced changes earlier this year with the unexpected departure of Mark Weidman, who joined PNC Financial as president, and Salim Ramji, who left for Vanguard [4]. Company Growth and Challenges - BlackRock's employee base in New York City has remained stagnant at around 4,000 over the past seven years, excluding acquisitions, amid concerns about housing costs, crime, and education [5]. - Fink highlights a growing sentiment among employees about relocating due to these challenges [5]. Community Engagement - Fink encourages business leaders to "reclaim the glory of New York City" and expresses support for Congressman Richie Torres, who is focused on making a difference in the Bronx [6].