BlackRock
ORG
BlackRock
With BlackRock's stock soaring, Mr. Fink is worth more than $230 million, and, it seems, just about everyone on Wall Street wants to take him out to lunch. The lessons he has learned from it have informed a core aspect of what he calls the BlackRock way, which is that a portfolio of assets scrubbed well enough for risk can appeal to both sophisticated institutions aching for flashy returns as well as more risk-averse retail investors. In the end, it was the high price of BlackRock's stock that dissuaded Morgan Stanley from doing the deal. At BlackRock, Mr. Fink's portfolio managers sit and brainstorm in an open arena just outside his glassed-in office.