The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Defends Fink's Pay Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 25, 2011

BlackRock Defends Fink's Pay

News summary by MFWire's editors

Larry Fink took home the biggest paycheck in finance last year, at least among CEOs of publicly-traded firms, yet was it worth it for BlackRock's [see profile] shareholders? Bloomberg Markets' Nikolaj Gammeltoft and Laura Marcinek report that the BlackRock CEO's compensation rose 50 percent last year to $23.8 million in salary and stock, despite total shareholder return (i.e. share price change, plus dividends, and then all of that divided by the starting price) of negative 16 percent.

The report draws on data to be published in the July issue of Bloomberg Markets.

A BlackRock spokesman told Bloomberg that Fink's 2010 compensation "reflected a wide range of factors, including BlackRock's record financial performance last year -- with revenues up 83 percent, earnings up 54 percent, dividends up 38 percent and strong asset growth and investment results across our newly expanded business."

This isn't the first time that Fink's 2010 pay has landed him on the top of a list. Earlier this month the Associated Press and the Wall Street Journal each published their own lists of the highest-paid publicly-traded company CEOs of last year, with Fink topping the finance category from both lists [see The MFWire, 5/6/2011 and 5/9/2011]. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use