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In his annual letter to shareholders, Larry Fink, CEO of BlackRock, discusses the company's performance, leadership changes, and his outlook for the future. Key points include:* Strong performance in 2022, with AUM growth and expanded strategic partnerships.* Leadership change: Beth Ford, a valued member of the Board of Directors, has stepped down due to her spouse's new position. Organizational and leadership changes every few years are emphasized to keep the company connected and stimulate fresh thinking.* Horizontal leadership is important, with a senior leadership team with deep experience, knowledge, and connectivity across the entire firm. This helps BlackRock deliver its full power to clients.* Belief in the power of the capital markets and commitment to serving clients, delivering outsized returns for shareholders, and making access to the capital markets easier and more affordable for people around the world.* Advocacy for BlackRock's clients, investment with a long-term perspective, and speaking out about risks and opportunities that investors need to navigate.Overall, the letter highlights BlackRock's commitment to serving its clients and delivering value for shareholders while emphasizing the importance of evolution and innovation in the company.