Fink is regarded as one of the most influential individuals in business and finance today, having been named “CEO of the decade” by Financial News in 2011, one of the “world’s best CEOs” by Barron’s for 10 consecutive years, and, most recently as one of the “world’s most respected leaders” by Fortune.Ī native of Van Nuys, California, Fink attended UCLA for his undergraduate and graduate studies, receiving his bachelor’s degree in 1974 and M.B.A. The firm now manages more than $4.6 trillion on behalf of clients of all types, including pension funds, university endowments and individual investors saving for retirement. and 7 p.m., in Pauley Pavilion.įink helped found the global investment management firm with seven others in 1988. He will speak at both commencement ceremonies, scheduled for 2 p.m. Fink, a UCLA alumnus and the chairman and CEO of BlackRock, will be the keynote speaker for the UCLA College commencement on Friday, June 10. The year-end 2020 AUM was a record for the firm.Laurence D. 31, up 16.8% from the same date a year earlier. Net inflows in 2020 were buoyed by 5% of organic asset growth, compared to 7% of organic growth across strategies in the prior year.īlackRock's revenues totaled $16.2 billion in 2020, an increase of 11.7% over the prior year.īlackRock's assets under management totaled $8.68 trillion as of Dec. 31 compared to $429 million the prior year, which was a record. Regarding BlackRock's 2020 financial results, total net inflows fell 8.9% to $391 million in the year ended Dec. The culmination of these efforts delivered value for shareholders.'Īccording to the proxy statement, BlackRock's return of $3.8 billion of capital to shareholders in 2020 was the same amount as in the prior year. Fink drove the firm and surrounding ecosystem around sustainability and climate risk as investment risk and helped communities through philanthropic efforts. Fink successfully led BlackRock through a challenging environment in 2020, focusing the firm on strategic priorities, providing thought leadership, investment insights and risk management tools to our clients, and prioritizing the well-being of BlackRock employees and the firm's culture,' the committee noted in the proxy statement.

Fink's 2020 performance as 'far exceeding' expectations. The firm's compensation committee rated Mr. Fink's case, $18.85 million came from deferred and performance-based equity in 2020. At least half of the total incentive award for each of BlackRock's five NEOs is delivered through equity in the company, the proxy statement showed. Fink and other named executive officers was based on these categories and weights: BlackRock's financial performance, 50% business strength, 30% and organizational strength, 20%.īlackRock's compensation committee decides the appropriate mix between cash, deferred equity and long-term equity for each executive. Fink's compensation of $25.25 million comprised a long-term incentive award of $11.75 million cash, $7.75 million deferred equity, $4.25 million and base salary, $1.5 million.Īs in previous years, 2020 total compensation for Mr. Fink's 2020 compensation - $14.9 million - was from a long-term incentive award, followed by cash at $9.5 million deferred equity, $3.95 million and base salary, $1.5 million. Fink's total compensation rose to $29.85 million in 2020, an 18.2% increase from $25.25 million in the prior year, according to the company's proxy statement filed Thursday with the SEC.

Laurence d. fink