BlackRock's Fink likely to have mega-pay reward

Larry Fink Interview Pic

BlackRock's gold.

The New York Post reports that Fink will take home in excess of $20m for his Wall Street work last year, when he successfully guided New York’s largest asset-management company, BlackRock.

“He’s right at the top. He’ll be north of $20 million — and, of course, BlackRock has done great,” compensation expert Alan Johnson told The Post.

Johnson says BlackRock, along with other huge asset managers, are part of the latest “seismic change” in 2013 salary and bonuses.

Dodd Frank and the Volcker Rule have reined in Wall Street’s largest banks ability to dole out giant cash bonuses.

BlackRock, an asset management firm without a government guaranteed backstop on deposits like the banks, has more leeway in its compensation awards.

Hit the link below to access the complete New York Post article:

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