By Kirsten Grind
Laurence Fink, chairman and chief executive of BlackRock Inc.,
brought home $22.9 million in total compensation during 2013, a 14%
increase from the prior year's pay of $20.2 million, according to a
proxy filed by the company Tuesday.
Mr. Fink's bonus of $9.9 million is an increase of about 14.5%
compared with $8.6 million in 2012. Mr. Fink's salary of $500,000
remained unchanged.
Under another metric provided by the company, which values Mr.
Fink's stock awards differently, Mr. Fink made $24 million in 2013,
including an $18.75 million bonus, according to the proxy.
BlackRock, based in New York, is the world's largest money
manager with $4.32 trillion of assets under management.
Write to Kirsten Grind at kirsten.grind@wsj.com
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