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BlackRock cut CEO Larry Fink's pay by 4.3% in 2018 - filing

BlackRock cut CEO Larry Fink's pay by 4.3% in 2018 - filing
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton   -   Copyright  SHANNON STAPLETON(Reuters)
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NEWYORK (Reuters) – BlackRock Inc, the world’s largest asset manager, cut total compensation for chairman and chief executive officer Larry Fink by 4.3% in 2018, according to a filing on Friday.

Fink was awarded $26.5 million (20.27 million pounds) in compensation last year, compared to $27.7 million in 2017, based on a calculation of his pay in line with U.S. Securities and Exchange Commission guidelines.

Going by a set of calculations BlackRock prefers, Fink’s total compensation for the year fell by 14% to $24 million. The figures differ because BlackRock reports some incentive pay in a different year.

(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)

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