BlackRock grants incentive awards to top execs, CEO pay drops 18%, and London investor Bluebell proposes amendment to require independent chairman.

BlackRock, the world's largest asset manager, has granted incentive awards to its top executives, including COO Rob Goldstein, Global Client Business head Mark Wiedman, and CFO Martin Small, as part of its succession planning. CEO Laurence Fink's pay decreased by 18% to $26.9 million in 2023 from $32.7 million in 2022. London-based activist investor Bluebell Capital Partners has proposed a shareholder resolution to amend BlackRock's bylaws, requiring the chairman to be an independent director.

April 04, 2024
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