Home » Business News » Who’s getting what salary? Blackrock boss Larry Fink’s pay increases to $36 million

Who’s getting what salary? Blackrock boss Larry Fink’s pay increases to $36 million

By Kris Paterson in Business News, posted June 29, 2022

Asset- management giant BlackRock has handed its chief executive Larry Fink a 21 percent pay rise, taking his total pay to $36m last year, says the Financial Times.

The "bumper" pay award includes cash and equity incentives on top of Fink's $1.5m base salaries.

BlackRock, the world's biggest money manager, recorded net inflows of $540bn for 2021 while assets under management surpassed $10trn for the first time in December, thanks in part to the popularity of its actively managed funds.

Shareholders in Amsterdam-based car 21 percent group Stellantis took "the unusual step" last week of rejectíng the Jeep maker's pay plan for its top executives, says The Wall Street Journal.

Just over half of investors cast their non-binding votes against the plans, including almost €19.2m in pay for CEO Carlos Tavares (not including long-term incentive payments).

The French government, the third-largest shareholder in Stellantis, formed from the merger of PSA Peugeot and Fiat Chrysler, branded the play as "shocking" and "excessive."

Stellantis has been laying off staff across the US

Wealth manager St. James's Place, which was "left reeling" after details of its "opulent culture" emerged three years ago, seems to have learned nothing, says the Daily Mail.

Boss Andrew Croft has was paid £3.3m for 2021, more than four times as much as the previous/ year when the board cuť pay during the pandemíc.

Profits at St. James's Place rose by 50 percent last year to £401m.

Source: MoneyWeek

Kris Paterson is a writer for WhatJobs.com

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