FINSwire May 09 2011

BlackRock's Fink Highest Paid Finance Chief in 2010

By finswire team

Finance companies may still be struggling with the aftermath of the financial crisis, but that didn't keep them from handsomely rewarding their CEOs last year.

Laurence D. Fink, CEO of BlackRock, earned the most among finance chiefs in total compensation, with a payout of $23.65 million, according to a study of proxy statements by the Hay Group for The Wall Street Journal. Fink came in No. 16 on the overall list of 350. Viacom's Philippe P. Dauman was the highest paid, with total direct compensation of $84.3 million, more than double his 2009 pay.

Jamie Dimon of JPMorgan Chase came in No. 17 after Fink with total comp of $23 million. James M. Cracchiolo, CEO of Ameriprise Financial ranked No. 37, with $18 million in compensation.

Lower on the list was Goldman Sachs Lloyd Bankfein. He earned $16.7 million total compensation in 2010.

For the full list and stories, see the management section of The Wall Street Journal.




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