Woke Capitalism: Origins, ESG, DEI, and the Power of BlackRock — Charles Gasparino — Gasparino traces the origins of "woke capitalism," detailing how corporate America became an active institutional agent for progressive social change. This ideological shift, accelerated through boardroom political calculations, led to widespread adoption of corporate acronyms including ESG (Environmental, Social, Governance) and DEI (Diversity, Equity, Inclusion), redirecting corporate focus from shareholder returns toward stakeholder capitalism models. Larry Fink's BlackRockstrategically recognized that managing progressive-oriented investment funds could attract trillions in assets, positioning the firm as a powerful enforcer of these policies across corporate America.
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