BlackRock ties senior executives’ pay to private market profits

Core Insights - BlackRock has introduced the Executive Carry Program (ECP) to align executive compensation with the performance of its private markets investment funds [1][2] - The ECP is designed for selected senior executives, excluding the CEO, and links their pay to carried interest distributions from key private funds [1][2] Financial Performance - As of the end of December, BlackRock's total assets under management reached $14 trillion, with net inflows of $698 billion for the full year, including $342 billion in the fourth quarter [3] - Despite significant inflows, BlackRock's net income attributable to shareholders fell to $1.12 billion in Q4 2025, down from $1.67 billion in Q4 2024 [4] Strategic Moves - Since the start of 2024, BlackRock has overseen transactions totaling approximately $28 billion, including acquisitions of Global Infrastructure Partners, HPS Investment Partners, and Preqin [3] - The company plans to reduce its workforce by around 250 jobs, which is about 1% of its total workforce, as part of an annual review aimed at improving operational efficiency [4]