BlackRock CEO Sold Monstrous Personal Stake (2 min read)
Larry Fink, CEO of BlackRock, has sold almost 7% of his stake in the firm, worth roughly $25 million, according to a securities filing. This sale, along with other senior management directors selling shares, has raised concerns as many analysts noticed Fink typically sell his shares before major recession events. However, Fink recently claimed he was not expecting a big recession to come during an appearance on CNBC's Squawk on the Street show. The $25 million sale is equivalent to Fink's yearly compensation in BlackRock.