Breakingviews – Cox: Wall Street’s antisocial role in selling guns

Breakingviews – Cox: Wall Street’s antisocial role in selling guns

(Reuters Breakingviews) – When does taking a stand against social harm outweigh a financial objective? It’s a reasonable question for the likes of Lazard and BlackRock. The Wall Street investment bank advised AR-15 maker Remington on its restructuring days before Wednesday’s school shooting in Florida, perpetrated with a similar rifle – yet its asset managers talk about responsibility.