Young People Struggling amid Inflation Are Entitled, Says CEO Worth about $400m

THE GUARDIAN: 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.

“For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito recently said at an energy conference in Texas in reference to inflation. “And we have a very entitled generation that has never had to sacrifice.” Young people too entitled, says CEO worth $400m » | Arwa Mahdawi | Saturday, April 2, 2022

What a disgusting comment! What a disgusting man! – Mark