NEW YORK, April 15 BlackRock Inc, the
world's largest money manager, paid Chief Executive Officer
Laurence Fink $22.9 million in compensation last year, up 13.4
percent from $20.2 million the year before.
Total compensation for Fink included a base salary of
$500,000, a $9.85 million cash bonus and $12.4 million in stock
awards, according to the company's proxy filed on Tuesday.
Fink is also chairman of New York-based BlackRock, which
manages $4.3 trillion in assets. The company earlier this month
announced a reorganization of its senior management ranks, with
plans to shift at least 10 senior executives into new or
expanded roles in June as it works toward an eventual succession
plan for Fink, 61.
The reorganization does not include any changes to the roles
of Fink or President Rob Kapito.
BlackRock is scheduled to report first-quarter earnings on
(Reporting by Ashley Lau in New York; Editing by Jonathan