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Fortune

Greg McKenna

Larry Fink has BlackRock pay package targeted by proxy advisor

Larry Fink BlackRock ISS Elon Musk Jamie Dimon Glass Lewis FT Fortune Tesla Inc. Goldman Sachs

Larry Fink talks on a television set. (Credit: Jamie McCarthy—Getty Images)

BlackRock is the latest Wall Street giant to have its executive pay plan criticized by Institutional Shareholder Services or Glass Lewis. The proxy advisors, which make recommendations to large investors, have been fiercely criticized by JPMorgan Chase CEO Jamie Dimon and Tesla CEO Elon Musk.

BlackRock believes CEO Larry Fink has earned his $36.7 million pay package after leading the world’s largest asset manager to a blockbuster year in 2024. The globe’s biggest proxy advisor doesn’t necessarily disagree, but it’s nonetheless urging stockholders to vote against the firm’s executive compensation plan at BlackRock’s annual meeting on May 15.

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