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BlackRock Management

Management criteria checks 3/4

BlackRock's CEO is Larry Fink, appointed in Jan 1999, has a tenure of 25.75 years. total yearly compensation is $26.94M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €290.09M. The average tenure of the management team and the board of directors is 10.3 years and 11.5 years respectively.

Key information

Larry Fink

Chief executive officer

US$26.9m

Total compensation

CEO salary percentage	5.6%
CEO tenure	25.8yrs
CEO ownership	0.2%
Management average tenure	10.3yrs
Board average tenure	11.5yrs

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
Jun 30 2024	n/a	n/a	US$6b
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 (72 yo)

25.8yrs

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	25.8yrs	US$26.94m	0.23% € 290.1m
Robert Kapito	President & Director	17.1yrs	US$19.55m	0.14% € 174.1m
Martin Small	Senior MD	1.7yrs	US$12.81m	0.0018% € 2.3m
Robert Goldstein	Senior MD & COO	10.3yrs	US$19.14m	0.031% € 38.8m
Gary Shedlin	Vice Chairman	1.6yrs	US$8.82m	0.010% € 12.9m
Mark Wiedman	Senior MD & Head of Global Client Business	no data	US$17.82m	0.0017% € 2.1m
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)	15.8yrs	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	8.6yrs	no data	0.0014% € 1.8m
Derek Stein	Senior MD and Global Head of Technology & Operations	no data	no data	no data

10.3yrs

Average Tenure

61.5yo

Average Age

Experienced Management: BLK's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurence Fink	Chairman & CEO	25.8yrs	US$26.94m	0.23% € 290.1m
Robert Kapito	President & Director	18yrs	US$19.55m	0.14% € 174.1m
William Ford	Independent Director	6.6yrs	US$370.25k	0.010% € 12.7m
Gordon Nixon	Independent Director	9yrs	US$369.58k	0.0027% € 3.3m
Murry Gerber	Lead Independent Director	24.8yrs	US$440.18k	0.028% € 35.2m
Cheryl Mills	Independent Director	10.9yrs	US$355.18k	0.0031% € 3.8m
Marco Slim Domit	Independent Director	13.1yrs	US$364.91k	0.0041% € 5.1m
Fabrizio Freda	Independent Director	12yrs	US$340.22k	0.0045% € 5.6m
Pamela Daley	Independent Director	10.8yrs	US$380.67k	0.0032% € 4.1m
Susan Wagner	Independent Director	12yrs	US$380.18k	0.29% € 360.2m
Charles Robbins	Independent Director	7.4yrs	US$340.22k	0.0013% € 1.6m
Mark Wilson	Independent Director	6.6yrs	US$365.18k	0.0013% € 1.6m

11.5yrs

Average Tenure

65yo

Average Age

Experienced Board: BLK's board of directors are seasoned and experienced ( 11.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/02 14:31
End of Day Share Price	2024/10/02 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BlackRock, Inc. is covered by 40 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Kenneth Hill	Barclays
Benjamin Budish	Barclays

This company listing is no longer active

BlackRock Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold €1.2m worth of stock

Recent updates

An affiliate of Baring Private Equity Asia Fund VIII, managed by EQT Private Capital Asia completed the acquisition of Perficient, Inc. (NasdaqGS:PRFT) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Wellington Management Group LLP and others.

Chesapeake Energy Corporation (NasdaqGS:CHK) completed the acquisition of Southwestern Energy Company (NYSE:SWN).

BlackRock, Inc. to Report Q3, 2024 Results on Oct 11, 2024

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of Silk Road Medical, Inc (NasdaqGS:SILK) from a group of shareholders.

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

Diamondback Energy, Inc. completed the acquisition of Endeavor Energy Resources, LP from Endeavor Manager, LLC, The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Wellington Management Company LLP, State Street Corporation (NYSE:STT) and others.

Noble Corporation plc (NYSE:NE) completed the acquisition of Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others

Upcoming dividend of US$5.10 per share

Nordson Medical Corporation completed the acquisition of Atrion Corporation (NasdaqGS:ATRI) from a group of shareholders.

Japan Tobacco Inc. (TSE:2914) entered into a definitive agreement to acquire Vector Group Ltd. (NYSE:VGR) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Frost Gamma Investments Trust and others for approximately $2.4 billion.

Independent Director recently sold €1.2m worth of stock

Now 21% undervalued

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of U.S. Silica Holdings, Inc. (NYSE:SLCA) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP and others.

Second quarter dividend of US$5.10 announced

JD Sports Fashion Plc (LSE:JD.) completed the acquisition of Hibbett, Inc. (NasdaqGS:HIBB) from a group of sellers.

Woodside Energy Group Ltd (ASX:WDS) entered into a definitive agreement to acquire Tellurian Inc. (NYSEAM:TELL) from Chatterjee Fund Management L P, State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK) and others for approximately $860 million.

Woodside Energy Group Ltd (ASX:WDS) entered into a definitive agreement to acquire Tellurian Inc. (NYSEAM:TELL) from Chatterjee Fund Management L P, State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK) and others for approximately $860 million.

Second quarter 2024 earnings released: EPS: US$10.07 (vs US$9.13 in 2Q 2023)

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc. agreed to acquire Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others for $3.6 billion.

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc. agreed to acquire Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others for $3.6 billion.

Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) completed the acquisition of CSR Limited (ASX:CSR) from a group of sellers.

Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) completed the acquisition of CSR Limited (ASX:CSR) from a group of sellers.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources