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Bonus Watch ’14: BlackRock CEOs

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Larry Fink > Lloyd Blankfein.

Laurence Fink, chairman and chief executive of BlackRock Inc., was awarded $24 million for 2013, a 12% increase from the previous year, according to a proxy filed by the company on Tuesday.

Mr. Fink, 61 years old, who runs the world's largest asset manager, earned an $18.8 million bonus during the year, about a 15% increase from the $16.3 million BlackRock awarded him for 2012, according to company filings. Mr. Fink also took home an incentive award of $4.8 million, but that amount is tied to performance-related hurdles that Mr. Fink will have to meet. His salary of $500,000 remained unchanged….

By comparison, Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc., earned $23 million in salary and bonus in 2013, about a 9.5% increase from 2012. Mr. Blankfein's pay was the highest among the top executives at the traditional Wall Street firms.

BlackRock’s Chairman, CEO Fink Awarded $24 Million in 2013 [WSJ]
BlackRock CEO’s Pay Rose 13% to $22.9 Million in 2013 [Bloomberg]


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