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The year was 2009, and after a disastrous couple of years that began with a mortgage crisis and resulted in the losses of massive amounts of capital by financial institutions everywhere, Rob Kapito went to the newly rebuilt Yankee Stadium. As the economy was in a complete state of disarray, many Wall Street investors were there for a welcome distraction, but Rob Kapito was on a mission. His employer, the investment group BlackRock, had deployed Kapito to locate Bob Diamond, the chief executive of Barclays Capital. The bank had acquired the US parts of Lehman Brothers, but the weight of the deal was sucking Barclays down the drain, and the bank was desperate. It needed to sell off its asset management arm, Barclays Global Investors, and Kapito was there to secure it for his boss, BlackRock’s chief executive. Soon the thirteen point five-billion-dollar deal was sealed and announced, and BlackRock was on the way to becoming the largest asset manager on Earth, guided under the watchful eye of its chief executive, Larry Fink. With this deal done, Fink would begin his rise to become the king of the U.S. economy, with stakes in almost everything. This is how he became the most powerful man in finance. Want to watch more, please SUBSCRIBE for many more videos like these. SUBSCRIBE: / untoldfinance New Videos EVERY WEEK #larryfink #blackrock