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Wednesday, March 23, 2011

Gabelli Eclipses Fink's Payday

News summary by MFWire's editors

A guy has to eat, right? Mario Gabelli, chief executive of Gamco Investors [see profile paid himself $57 million last year, Crains reports.

The pub said Gabelli's self-imposed payday was "more than the pay awarded last year to the CEOs of Verizon Communications, Bristol-Myers, NYSE Euronext, McGraw-Hill and Moody's--combined" and "six times more than the amount J.P. Morgan Chase & Co. awarded CEO Jamie Dimon in 2009". Gabelli's raise was also more than triple the amount that BlackRock paid its founder and CEO, Larry Fink, according to the pub. 

Edited by: Hung Tran

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