Markets Magazine
BlackRock’s Fink No. 1 in Wall Street Pay as Stock Sinks 16%
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BlackRock Inc. Chief Executive Officer Larry Fink told investors on a conference call in January last year that the world’s biggest money manager was “very well positioned” for 2010. At the end of the year, the market sent a different message: New York-based BlackRock’s total share return was negative 16 percent, while the Standard and Poor’s 500 Asset Management and Custody Bank Index rose 13 percent.
BlackRock’s disappointing stock performance followed its best year since 2000, with total return soaring 77 percent in