BlackRock’s Robert Kapito is right about the entitlement problem in the US: we have a very entitled generation of executives who seem to think sacrifice is just for poor people
Robert Kapito, the president of asset management behemoth BlackRock, earns about $20m a year and is worth in the region of $400m. You can buy a lot of fancy trinkets with that kind of money but, alas, it doesn’t seem to purchase much self-awareness. We are in the middle of a cost of living crisis, with low-income households disproportionately affected by the highest inflation in 40 years. People are struggling to heat their homes thanks to surging energy prices and worrying about feeding their families thanks to rocketing food prices. Kapito’s reaction to all this? To complain to a bunch of energy executives about how entitled young people are and how it’s about time they learned a thing or two about how tough life is.
Arwa Mahdawi’s new book, Strong Female Lead, is available for order
