Anabelle Colaco
01 Apr 2026, 10:02 GMT+10
NEW YORK CITY, New York: BlackRock CEO Larry Fink saw his compensation rise sharply in 2025, buoyed by higher stock awards after a strong year for the asset manager.
A proxy filing showed Fink's total pay reached US$37.7 million. His compensation in 2024 was $30.8 million.
The pay package included a $1.5 million base salary and a $10.6 million bonus. The increase was boosted by a $6.5 million rise in stock awards granted to Fink.
"We're entering 2026 with elevated momentum, and we're positioned ahead of significant future opportunities," Fink said in a letter to investors.
Proxy adviser Institutional Shareholder Services last year recommended investors oppose the pay packages of top executives at the firm, including Fink, after which BlackRock said it had received 67 percent of votes cast in support of its executive pay.
BlackRock said in January its assets under management had risen to a record $14 trillion.
The asset manager blew past Wall Street profit estimates in the fourth quarter of 2025, reporting a net profit of $2.18 billion excluding some one-time charges. Its shares rose 4.5 percent in 2025 but have fallen more than 12 percent so far this year.
Get a daily dose of Central Coast News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.
More InformationLONDON/BERLIN/MILAN: Luxury carmakers are bracing for a hit to one of their most profitable markets as the war in Iran disrupts demand...
HONG KONG: Chinese automaker BYD said on March 27 that its annual sales rose to a record US$116 billion, outpacing Tesla's, but its...
NEW YORK CITY, New York: BlackRock CEO Larry Fink saw his compensation rise sharply in 2025, buoyed by higher stock awards after a...
NEW YORK, New York - U.S. stocks closed sharply higher on Tuesday, with all three major indexes posting robust gains as technology...
CHICAGO, Illinois: A U.S. judge has allowed two lawsuits against Colgate-Palmolive to proceed, finding that its children's mouth rinse...
WINDSOR, Canada: FASTSIGNS, a Canadian company based in Windsor, Ontario, that designs and installs custom business signs and graphics,...
ST. PAUL, Minnesota: Protesting against the war in Iran and President Donald Trump's actions in Iran, people held No Kings rallies...
LOS ANGELES, California: Anthropic got some relief, albeit temporary, on March 26 in its case against the U.S. government when a federal...
BASEL, Switzerland: Swiss drugmaker Novartis has agreed to acquire California-based biotech firm Excellergy in a deal worth up to US$2...
LOS ANGELES, California: In a US$6 million verdict that will serve as a bellwether for numerous similar cases, Meta and Alphabet's...
WASHINGTON, D.C.: A growing share of Americans believe it is a bad time to look for a new job, highlighting a disconnect between low...
WASHINGTON, D.C.: Democrat politicians and other local officials in California condemned the detention of a crying woman by federal...
