BlackRock more than tripled its spending on home security for Larry Fink last year, after the asset manager’s chair and chief executive became a target for “anti-woke” activists and conspiracy theorists.
The $10.5tn money manager paid $563,513 to “upgrade the home security systems” at Fink’s residences during 2023, on top of $216,837 of protection by bodyguards, according to BlackRock’s disclosure of executive compensation in its proxy filed earlier this month.
The 71-year-old head of the world’s largest money manager has been singled out by conservatives and fringe groups as part of a backlash against BlackRock’s use of investing based on environmental, social and governance factors.
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