CIO took home top 2008 payday at BlackRock
Bob Doll, Blackrock's chief investment officer for global equities, earned $26.2 million last year — the largest payout awarded to any executive at the New York-based money management firm last year.
Bob Doll, Blackrock’s chief investment officer for global equities, earned $26.2 million last year — the largest payout awarded to any executive at the New York-based money management firm last year.
According to the company’s proxy, which was filed this morning, Mr. Doll’s 2008 compensation was boosted by a $22.2 million incentive award.
That payment pushed his total compensation package ahead of BlackRock’s chairman and CEO Laurence Fink, who earned roughly $21 million and was the second-highest-paid executive at the firm. He was paid a $17.2 million incentive award for 2008.
Both executives, however, saw their pay decline last year, with Mr. Fink’s compensation package down by 26%, while Mr. Doll’s take-home dropped 10%.
In total, the top six executive officers at BlackRock Inc. earned $73.4 million last year, a 19% decrease from the $90.9 million they were awarded in 2007.
BlackRock managed $1.3 trillion in assets last year.
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