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 Dallas Sun 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 Dallas Sun.
More InformationBEIRUT, Lebanon: Iranian intelligence agents have detained leading Iranian human rights lawyer Nasrin Sotoudeh at her house in Tehran,...
HARRISBURG, Pennsylvania: A judge ruled on Friday that an Indian citizen, who was taken into custody by the Immigration and Customs...
DUBAI, U.A.E.: The war in Iran showed no signs of ebbing with Israel saying it faced incoming fire, and Kuwait and Bahrain reporting...
VATICAN CITY: Since he was anointed the first U.S. leader of the global Catholic Church ten months ago, Pope Leo has mostly stayed...
BEIRUT, Lebanon: More than a million people have fled from southern and eastern Lebanon and entered Beirut's southern suburbs since...
LONDON, U.K.: Almost three dozen countries met on April 2 to exert diplomatic and political pressure to reopen the Strait of Hormuz,...
CHICAGO, Illinois: United Airlines said it will introduce a new tiered pricing structure for its premium cabins, offering travelers...
WASHINGTON, D.C.: A year after unveiling sweeping Liberation Day tariffs, U.S. President Donald Trump has introduced a new set of trade...
SAN FRANCISCO, California: Google is rolling out a long-awaited feature that allows users to change their Gmail addresses, offering...
CHICAGO, Illinois: McDonald's is overhauling its value strategy by simplifying its menu to offer items priced under US$3, as it seeks...
LOS ANGELES, California: After failing to secure Warner Bros' vast catalog of characters and stories, Netflix is intensifying efforts...
BEIJING, China: Chinese chipmakers are rapidly gaining ground in the country's artificial intelligence hardware market, capturing a...
