#blackrock

#blackrock

A critical turning point in this development occurred in October when Minnesota state regulators greenlit the acquisition of Allete by asset management behemoth BlackRock - set to become Allete's majority stakeholder - and the Canada Pension Plan Investment Board. Allete owns Minnesota Power, the main electric utility in northern Minnesota. The approval came against significant community opposition and, as Truthout previously reported, an administrative law judge's report that strongly recommended against the deal.

BlackRock is moving to require senior managers to work from the office full-time as companies shift away from remote and hybrid work post-pandemic.

Blackrock is enforcing a full-time in-office work policy for its managing directors, part of a trend among financial giants abandoning flexible remote work arrangements.