BlackRock Boosts Fink’s Pay 21% to $36 Million for Last Year

Larry Fink, chief executive officer of BlackRock Inc., speaks during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. World leaders, influential executives, bankers and policy makers attend the 50th annual meeting of the World Economic Forum in Davos from Jan. 21 - 24. , Bloomberg

Annie Massa, Bloomberg News

Apr 14, 2022

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(Bloomberg) -- BlackRock Inc. raised Chief Executive Officer Larry Fink’s total pay to $36 million for 2021, a 21% increase over the previous year. 

Fink received a $1.5 million base salary, $11.3 million bonus, $18.4 million of long-term incentive awards and deferred equity of $4.9 million, the New York-based money-manager said Thursday in its annual proxy filing.

The firm’s assets rose to a record at year-end, surpassing $10 trillion, making it the first publicly traded asset manager to reach that level. Total assets dipped to $9.6 trillion at the end of the first quarter.

The five male executives atop the world’s largest asset manager all saw their compensation packages increase by at least 15% for the year, according to the filing.

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