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Laurence Fink
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Latest Headlines
BlackRock's Larry Fink well compensated for 2010
By several measures, it was a good year for asset-management bellwether BlackRock ( NYSE: BLK ). Its full-year results were strong; adjusted for nonrecurring items such as deal integration expenses, net income was up 110 percent compared to 2009, on revenue of $2.1 billion. The stock price, howe
Outsiders again the favorites in the CEO search?
The CEO search at Bank of America ( BAC ) was languishing so severely, the board had to pull out all the stops to pay of TARP. And that has indeed breathed new life into the search process. While the two inside candidates--Greg Curl and Brian Moynihan--seemed to have the upper hand just a week a
BlackRock, a new-age financial cyborg?
So what is BlackRock's secret, really? We've suggested over on FierceFinanceIT that the firm's acclaimed Aladdin analytics and data engine may be one big reason. But Morningstar suggests another: its ability to integrate acquisitions.
State Street Research and Merrill Lynch In
Does BlackRock have a conflict-of-interest?
The investment powerhouse BlackRock is essentially one of the government's top investment managers, which some suggest might poses some conflict of interests, given that its main business is to manage money for private interests. CEO Larry Fink has reportedly suggested that there is no conflict-of
BlackRock: Is it too big?
Fortune offers an interesting, behind-the-scenes look at the asset management company that is BlackRock. There was a time when CEO Larry Fink was seen as a top candidate to run several banks, but in the end, he's an asset management guy. And what a firm he has built.
When BlackRock complet
BlackRock looking for deals
People have been expecting some consolidation in the asset management industry for a while now. If we do see some deals, what are the chances that BlackRock will be involved? Pretty good, according to Reuters . BlackRock Chief Executive Laurence Fink told the news service that he's eager to gro
BlackRock's role in the crisis
BlackRock CEO Larry Fink is dominating the headlines like he did a few months ago, when it seemed like he was a candidate for every high-profile open CEO position. His firm is playing an active role as the bailout industry gears up. BlackRock has been hired by AIG, Lehman Brothers, Fannie Mae and
Merrill Lynch's ace up its sleeve
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch . This qualifies as a crown jewel in the Merrill portfolio of assets. If it had to sell half--we assume that BlackRock isn't going to tank; it's held up fairly well in thi
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry Fink held extensive talks on the issue over several weeks. Both sides hoped to reach an agreement
BlackRock's Fink stays in the news
We've become accustomed to reading about Larry Fink, the CEO of asset manager BlackRock, of late. When CEO jobs at Merrill Lynch and Citigroup opened up, he was thought to be a candidate. When the credit crisis escalated, his name reappeared as a kind partner to troubled firms. The most intriguin
