'They're not ready': Why BlackRock's Larry Fink is sticking around as CEO

Larry Fink is looking forward to the day he's not CEO of BlackRock, but that's not happening just yet. Fink, the 72-year-old cofounder and the only CEO BlackRock has ever had, has long been answering questions about who will succeed him and Rob Kapito, the firm's president, at the $11.5 trillion asset management behemoth."I look forward to the day when I'm not running it. I do not want to be somebody that's staying on longer than needed," Fink told the Economic Club of New York. The next generation team is ...