BlackRock Pays CEO Larry Fink $25.5 Million

Largest money manager added $202 billion in deposits last year
Revenue fell for first time since 2009 on performance fee drop

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By Morten Buttler and Sabrina Willmer

April 13, 2017 at 8:33 PM UTC

Updated on

April 13, 2017 at 9:11 PM UTC

This article is for subscribers only.

BlackRock Inc. Chief Executive Officer Laurence D. Fink received a $25.5 million pay package for 2016 as the company cut employee bonuses for the first time since 2011 and performance in its stock-picking business continued to lag behind peers.

Fink, 64, got an $8 million cash bonus and about $16.4 million in deferred shares, some tied to long-term performance goals, the New York-based firm said in a regulatory filing Friday. He also got a $900,000 salary and about $193,000 in perks. The package fell 1.2 percent from 2015.