BlackRock Cuts Fink’s Pay 30% to $25.2 Million for Past Year (2)

BlackRock Inc. reduced Chief Executive Officer Larry Fink’s total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing.

Larry Fink

Photographer: Hollie Adams/Bloomberg

Fink, 70, received a $1.5 million base salary, $7.25 million in cash incentives, $12.7 million in long-term incentive awards and deferred equity of $3.75 million, the New York-based money manager said Friday in its annual proxy filing.

“With respect to 2022 compensation, management determined to reduce the impact of the firm’s decline in profitability on BlackRock’s broader employee population by concentrating the downward adjustments to total incentive awards toward senior management,” ...