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BlackRock Wants Companies to Say How They’ll Use Tax Cash

Fink calls on CEOs to explain strategies for long-term growth

By Sabrina Willmer and Sarah Jones, Bloomberg | Updated on January 16, 2018

BlackRock CEO Larry Fink is asking leaders of the world’s biggest companies to say how they’ll spend extra cash from the U.S. tax overhaul.

“What will you do with increased after-tax cash flow, and how will you use it to create long-term value?” Fink said in his annual letter to CEOs, posted on the asset management company’s website Tuesday. Companies have a responsibility to explain to shareholders how “major legislative and regulatory changes” will impact their long-term growth strategies, Fink said.

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