BlackRock’s Fink Earned $25.8 Million in 2015, Up 8% in Yearby
CEO compensation was led by $16 million in equity awards
Money manager says pay was flat under its accounting measure
BlackRock Inc. Chief Executive Officer Laurence D. Fink earned $25.8 million last year, an increase of 8 percent from 2014.
Fink received a $900,000 salary, a bonus of $8.72 million, stock awards of $16 million and $193,000 in other compensation, according to a filing Friday by the New York-based investment firm. Using BlackRock’s own accounting measure, which differs from the calculation under U.S. Securities and Exchange Commission rules, said Fink’s total compensation was flat last year.
Fink, 63, built BlackRock into the world’s largest asset manager, with about $4.6 trillion under management. BlackRock’s stock fell 4.8 percent last year, compared with a 12 percent decrease for the 19-company Standard & Poor’s index of asset managers and custody banks.
Robert Kapito, BlackRock’s president, made $20.3 million in 2015, an increase of 10 percent from the year before. Kapito received $750,000 in base salary, a bonus of $7.09 million, stock awards of $12.3 million and $224,175 in other compensation. Under BlackRock’s measure, his total compensation was also unchanged.