BlackRock's Fink to S&P 500 companies: think long-term or risk support

April 14, 2015 2:29 PM

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NEW YORK, April 14 (Reuters) - Larry Fink, chief executive officer of BlackRock Inc, has sent a letter to the chief executives of the 500 largest publicly listed U.S. companies urging for a long-term approach to creating value for shareholders or risk losing its support.

In a letter sent to the chief executive officers of the Standard & Poor's 500 Index, Fink asks companies to avoid succumbing to the short-term pressures created by the increase in activist shareholders in recent years.

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