What was the percentage drop in the president's pay package?
BlackRock Cuts CEO Larry Fink's 2022 Compensation
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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.
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What factors contributed to the compensation adjustments for BlackRock executives?
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