Laurence D. Fink is the CEO of BlackRock, which is the largest asset manager in the world, overseeing over $10 trillion in assets. Under his leadership, BlackRock achieved a record $540 billion in net inflows in a single year, showing...

Number of Employees

19.3K

Year

2023

Total Compensation

$14.52M

Salary

$1.50M

Board Justification

BlackRock's compensation philosophy emphasizes alignment of pay with performance, with a significant portion of compensation being performance-based and at risk, ensuring that executive incentives are aligned with shareholder interests.

Bonus

$7.90M

Board Justification

The cash portion of discretionary annual bonuses awarded pursuant to BlackRock’s annual incentive compensation program, based on subjective criteria.

Other

$1.09M

Board Justification

Includes contributions made by BlackRock under its tax-qualified defined contribution (401(k)) plan, financial planning services, and security-related expenses.

Restricted Stock

$4.03M(5M RSU)

Board Justification

The stock portion of the annual incentive awards granted in RSUs, vesting one-third on each of the first three anniversaries of the grant date.

Performance Metrics

The performance metrics for determining the CEO's compensation included financial performance measures such as net new base fee growth, operating income, and diluted earnings per share.

SEC Filing

From April 4, 2024

Laurence D. Fink

Founder and CEO of Blackrock

B

Education

MBA from UCLA Anderson School of Management

Field of Expertise

Finance & Banking - Finance

Born

November 2, 1952 - 72 years ago

Is Founder?

Yes

Current Tenure

37 years 0 months (Jan 1988 - Present)

Previous Experience

Chairman and CEO of First Boston Corporation