BlackRock Cuts CEO Larry Fink's 2022 Compensation

The transcript discusses BlackRock's challenging financial year, highlighting a 30% drop in executive compensation due to lower revenue. Larry Fink, BlackRock's CEO, received 69% of his 2021 incentive award, reflecting partially met obligations. Despite revenue declines, BlackRock's performance was better than much of the industry. Executive pay cuts were widespread, with the president and CEO also seeing reductions. The discussion emphasizes the impact of revenue on compensation in the financial sector.

What was the percentage drop in BlackRock's performance mentioned in the video?

• 25%

• 20%

• 35%

• 30%

What percentage of his 2021 award did Larry Fink receive?

• 75%

• 80%

• 69%

• 50%

Why did Larry Fink receive only a partial incentive award?

• The company's performance was below industry average.

• The company's performance was better than expected.

• The company's performance was better than the industry average but below expectations.

• The company's performance exceeded expectations.

By what percentage did the president's pay package decrease?

• 40%

• 34%

• 30%

• 20%

What was the minimum percentage decline in total compensation for BlackRock's top executives?

• 25%

• 20%

• 27%

• 30%