BlackRock Increased Fink’s Pay 18% to $29.9 Million for 2020 (1)

BlackRock Inc. gave Chief Executive Officer Larry Fink $29.9 million in total compensation for 2020, an 18% increase from the previous year.

Fink received a base salary of $1.5 million, a cash payment of $9.5 million, deferred equity compensation of $3.95 million and a long-term incentive award of $14.9 million, according to the company’s proxy statement Thursday.

Despite the turmoil of the Covid-19 pandemic, BlackRock ended 2020 with a record $8.68 trillion in assets under management. The company’s five senior executives named in the proxy all received increases in compensation of 18% or more, on assessments that their performance “far ...