BlackRock Cuts Larry Fink’s Pay 30% to $25.2 Million for Past Year
- Five top executives all had pay reduced by at least 27%
- The firm’s assets under management declined 14% in 2022
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BlackRock Inc. reduced Chief Executive Officer Larry Fink’s total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing.
Fink, 70, received a $1.5 million base salary, $7.25 million in cash incentives, $12.7 million in long-term incentive awards and deferred equity of $3.75 million, the New York-based money manager said Friday in its annual proxy filing.