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Black Rock on side of angels in demanding Tesla shake up

“While Black Rock may have been on a hiding to nothing, its action demonstrates a willingness to take a stand on behalf of the investors it manages money for” writes James Moore for Does it matter that Black Rock, one of the world’s biggest and most powerful fund managers, voted in favour of a resolution calling for a chairman to be installed above Elon Musk at Tesla, the electronic car company he runs?. Those who bought into Tesla when it listed in New York weren’t so much buying shares in an electronic car company as they were buying shares in Elon Musk. But when it comes to Tesla it’s on the side of the angels, and more importantly, of its investors and it deserves credit for the stance it has taken.

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