BlackRock Management

Management criteria checks 3/4

BlackRock's CEO is Larry Fink, appointed in Jan 1999, has a tenure of 25.33 years. total yearly compensation is $26.94M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth €283.09M. The average tenure of the management team and the board of directors is 9.9 years and 11 years respectively.

Key information

Larry Fink

Chief executive officer

US$26.9m

Total compensation

CEO salary percentage	5.6%
CEO tenure	25.3yrs
CEO ownership	0.3%
Management average tenure	9.9yrs
Board average tenure	11yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Larry Fink's remuneration changed compared to BlackRock's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$6b
Dec 31 2023	US$27m	US$2m	US$6b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$5b
Dec 31 2022	US$33m	US$2m	US$5b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$6b
Dec 31 2021	US$33m	US$2m	US$6b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$5b
Mar 31 2021	n/a	n/a	US$5b
Dec 31 2020	US$27m	US$2m	US$5b
Sep 30 2020	n/a	n/a	US$5b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$24m	US$2m	US$4b
Sep 30 2019	n/a	n/a	US$4b
Jun 30 2019	n/a	n/a	US$4b
Mar 31 2019	n/a	n/a	US$4b
Dec 31 2018	US$27m	US$2m	US$4b
Sep 30 2018	n/a	n/a	US$6b
Jun 30 2018	n/a	n/a	US$5b
Mar 31 2018	n/a	n/a	US$5b
Dec 31 2017	US$28m	US$900k	US$5b

Compensation vs Market: Larry's total compensation ($USD26.94M) is above average for companies of similar size in the Austrian market ($USD4.44M).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.

CEO

Larry Fink (71 yo)

25.3yrs

Tenure

US$26,939,474

Compensation

Mr. Laurence Douglas Fink, also known as Larry, serves as Chief Executive Officer at Blackrock Financial Management, Inc. He has been Director at 98point6 Inc. He is Founder, Chairman and Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Laurence Fink	Chairman & CEO	25.3yrs	US$26.94m	0.27% $ 283.1m
Robert Kapito	President & Director	16.7yrs	US$19.55m	0.14% $ 146.5m
Martin Small	Senior MD	1.3yrs	US$12.81m	0.0018% $ 1.9m
Robert Goldstein	Senior MD & COO	9.9yrs	US$19.14m	0.031% $ 32.3m
Gary Shedlin	Vice Chairman	1.2yrs	US$8.82m	0.010% $ 10.8m
Mark Wiedman	Senior MD & Head of Global Client Business	no data	US$17.82m	0.0017% $ 1.8m
Bennett Golub	Co-Founder	no data	no data	no data
Mark McKenna	Founder	no data	no data	no data
Jeff Shen	MD, Co-CIO & Co-Head of Systematic Active Equity (SAE)	15.3yrs	no data	no data
Neeraj Seth	MD, Chief Investment Officer & Head of Asian credit – Singapore	no data	no data	no data
Marc Comerchero	MD & Chief Accounting Officer	8.2yrs	no data	0.0014% $ 1.5m
Derek Stein	Senior MD and Global Head of Technology & Operations	no data	no data	no data

9.9yrs

Average Tenure

60.5yo

Average Age

Experienced Management: BLK's management team is seasoned and experienced (9.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurence Fink	Chairman & CEO	25.3yrs	US$26.94m	0.27% $ 283.1m
Robert Kapito	President & Director	17.6yrs	US$19.55m	0.14% $ 146.5m
William Ford	Independent Director	6.2yrs	US$370.25k	0.010% $ 10.6m
Gordon Nixon	Independent Director	8.6yrs	US$369.58k	0.0026% $ 2.7m
Murry Gerber	Lead Independent Director	24.3yrs	US$440.18k	0.028% $ 29.4m
Cheryl Mills	Independent Director	10.5yrs	US$355.18k	0.0031% $ 3.2m
Marco Slim Domit	Independent Director	12.7yrs	US$364.91k	0.0040% $ 4.2m
Fabrizio Freda	Independent Director	11.6yrs	US$340.22k	0.0045% $ 4.7m
Pamela Daley	Independent Director	10.3yrs	US$380.67k	0.0042% $ 4.4m
Susan Wagner	Independent Director	11.6yrs	US$380.18k	0.29% $ 300.4m
Charles Robbins	Independent Director	7yrs	US$340.22k	0.0015% $ 1.6m
Mark Wilson	Independent Director	6.2yrs	US$365.18k	0.0013% $ 1.3m

11.0yrs

Average Tenure

64yo

Average Age

Experienced Board: BLK's board of directors are seasoned and experienced ( 11 years average tenure).

BlackRock Management

Management criteria checks 3/4

Key information

Recent management updates

BlackRock, Inc. Announces Not Stand for Re-Election of Bader M. Alsaad as Independent Director

BlackRock, Inc., Annual General Meeting, May 15, 2024

Chairman & CEO recently sold €23m worth of stock

BlackRock, Inc. Appoints Jason Collins to Head the Australian Operations

Senior MD recently sold €5.1m worth of stock

BlackRock Appoints Carrie Schroen as Head of US DC Intermediary Business

Recent updates

New York City Employees’ Retirement System Files an Exempt Solicitation Statement to BlackRock

BlackRock (NYSE: BLK) completed the acquisition of the remaining equity interest in SpiderRock Advisors, LLC.

Bluebell Capital Sends Letter BlackRock

BlackRock, Inc. Activates Retirement Solution Offering A Paycheck for Life

SH Residential Holdings, LLC completed the acquisition of M.D.C. Holdings, Inc. (NYSE:MDC) from a group of shareholders.

Future Pak, Ltd. submits a proposal to acquire Vanda Pharmaceuticals Inc. (NasdaqGM:VNDA) from The Vanguard Group, Inc., State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), Dimensional Fund Advisors LP and others for approximately $450 million.

First quarter 2024 earnings released: EPS: US$10.58 (vs US$7.72 in 1Q 2023)

BlackRock, Inc. Announces Not Stand for Re-Election of Bader M. Alsaad as Independent Director

BlackRock, Inc. to Report Q1, 2024 Results on Apr 12, 2024

BlackRock, Inc., Annual General Meeting, May 15, 2024

BlackRock Launches BlackRock USD Institutional Digital Liquidity Fund

Insight Venture Management, LLC and Clearlake Capital Group, L.P. completed the acquisition of Alteryx, Inc. (NYSE:AYX) from a group of shareholders.

Bristol-Myers Squibb Company (NYSE:BMY) completed the acquisition of Karuna Therapeutics, Inc. (NasdaqGM:KRTX) from Capital International Investors, FMR LLC, The Vanguard Group, Inc., T. Rowe Price Group, Inc. (NasdaqGS:TROW) and others.

BlackRock, Inc. (NYSE:BLK) fund managed by sponsor acquired A portfolio of 38 solar energy and battery storage projects from Excelsior Energy Capital LP.

BlackRock, Inc. (NYSE:BLK) fund managed by sponsor acquired A portfolio of 38 solar energy and battery storage projects from Excelsior Energy Capital LP.

Standard General L.P. submits a non-binding proposal letter to acquire remaining 76.78809% stake in Bally's Corporation (NYSE:BALY) from BlackRock, Inc. (NYSE:BLK) and others for approximately $550 million.

BlackRock (NYSE: BLK) agreed to acquire the remaining equity interest in SpiderRock Advisors, LLC.

Morgan Stanley Infrastructure Inc. and BlackRock, Inc. (NYSE:BLK) entered into a purchase and sale agreement to acquire Portland Natural Gas Transmission System, LP from TC PipeLines, LP and Northern New England Investment Company, Inc. for approximately $1.5 billion.

Chairman & CEO recently sold €23m worth of stock

Healthpeak Properties, Inc. (NYSE:PEAK) completed the acquisition of Physicians Realty Trust (NYSE:DOC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation (NYSE:STT) and others.

Upcoming dividend of US$5.10 per share

Full year 2023 earnings released: EPS: US$36.85 (vs US$34.31 in FY 2022)

Capital Power Investments, Llc and BlackRock, Inc. (NYSE:BLK) in a 50/50 partnership completed the acquisition of New Harquahala Generating Company, LLC from CSG Investments, Inc.

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

BlackRock, Inc. Appoints Jason Collins to Head the Australian Operations

Senior MD recently sold €5.1m worth of stock

BlackRock Appoints Carrie Schroen as Head of US DC Intermediary Business

Realty Income Corporation (NYSE:O) completed the acquisition of Spirit Realty Capital, Inc. (NYSE:SRC) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Cohen & Steers, Inc. (NYSE:CNS), FMR LLC, State Street Corporation (NYSE:STT) and others.

SH Residential Holdings, LLC entered into a definitive agreement to acquire M.D.C. Holdings, Inc. (NYSE:MDC) from a group of shareholders for $4.9 billion.

Sekisui House, Ltd. (TSE:1928) entered into a definitive agreement to acquire M.D.C. Holdings, Inc. (NYSE:MDC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Dimensional Fund Advisors LP, Larry Mizel, David Mandarich and others for $4.7 billion.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age