CEO Salary & Executive Compensation
BlackRock BLK
CEO: Larry Fink · Asset Management · 20,000 employees
Larry Fink, CEO of BlackRock (BLK), earned $12.0M in total compensation in 2023. BlackRock receives a Pay-for-Performance grade of C (52/100), with a CEO-to-worker pay ratio of 109:1 and a say-on-pay shareholder approval of 86.2%. The company's 3-year total shareholder return is -15.3%.
How BlackRock CEO Pay Compares
Larry Fink's $12.0M total compensation is 0% below the Asset Management industry median of $12.0M. The 109:1 CEO-to-worker pay ratio is 0% lower than the industry average of 109:1.
BlackRock (BLK) disclosed $12.0M in CEO compensation for Larry Fink. The package is structured for retention plus performance alignment, with equity awards taking the largest share.
The CEO-to-median-worker pay ratio runs 109x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Three-year performance has been negative: TSR of -15.3% and -4.3% revenue change. Significant CEO compensation alongside negative shareholder returns is the most controversial pay pattern and is the central case for proxy-advisor pay-for-performance opposition.
Say-on-pay support was strong at 86%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. BlackRock operates in Asset Management with 20,000 employees and $20.4B in annual revenue, and currently carries a market capitalization of $150.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for BlackRock (BLK).
Compensation Breakdown
Larry Fink's $12.0M total compensation package for fiscal year 2023 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2022 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2021 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2020 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Larry Fink, CEO of BlackRock (BLK), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Larry Fink, CEO of BlackRock (BLK), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
BlackRock has a Pay-for-Performance Score of C (52/100). The company's 3-year total shareholder return is -15.3%, and the say-on-pay shareholder vote passed with 86.2% approval.
The CEO-to-median-worker pay ratio at BlackRock is 109:1. The median worker at BlackRock earns $110K per year, while CEO Larry Fink earns $12.0M in total compensation.
BlackRock employs approximately 20,000 people. The company operates in the Asset Management industry within the Financials sector, generating $20.4B in annual revenue.