BlackRock Inc , the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 8.4% in 2019, a second straight year of decline, according to a filing on Thursday.
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton
Fink was awarded $24.3 million in compensation last year, compared with $26.5 million in 2018, based on a calculation of his pay in line with U.S. Securities and Exchange Commission guidelines. Fink is often quoted for his views on the markets and corporate governance and has been listed among the world’s best CEOs by the newspaper Barron’s.
The shares, which hit a near four-year low of $323.98 in late March 2020 amid a broad-market selloff, have recovered some ground to trade down about 7% for 2020.
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