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Thursday, February 03, 2011

How Much is BlackRock Paying Fink?

News summary by MFWire's editors

Fundsters interested in executive compensation may want to take a look at the latest news from BlackRock [see profile]. Dow Jones' David Benoit reports that the mammoth asset manager just shelled out $12.8 million in stock to its founder and CEO, Larry Fink. (He made a total of $17.7 million, including salary and bonuses, in 2009.)

According to Bloomberg's Sree Vidya Bhaktavatsalam, Fink now owns 1.38 million shares of BlackRock, worth almost $273.3 million.

The New York Times and Reuters also covered the news. 

Edited by: Neil Anderson, Managing Editor

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