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BlackRock hiked CEO Larry
Fink's pay by 9 percent in 2017: filing
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[April 13, 2018]
NEW YORK (Reuters) -
BlackRock Inc <BLK.N>, the world's largest asset
manager, raised the total compensation for Chairman and
Chief Executive Officer Larry Fink by 8.9 percent in
2017, according to a filing on Friday. |
Larry Fink, Chief Executive Officer of BlackRock, takes
part in the Yahoo Finance All Markets Summit in New
York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File
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Fink was awarded $27.7 million in compensation last year,
compared with $25.5 million in 2016, based on a calculation of
his pay in line with U.S. Securities and Exchange Commission
guidelines.
But BlackRock said it had raised Fink's pay for the year by 9.6
percent to $27.9 million, according to a set of calculations it
prefers.
(Reporting by Trevor Hunnicutt; Editing by Bernadette Baum)
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