Gabelli, Fink Named NY's Highest Paid CEOs
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Monday, June 20, 2011

Gabelli, Fink Named NY's Highest Paid CEOs

A rising tide in 2010 lifted a lot of financial services firms and padded a few wallets of their chief executives, Crain's reports.

According to the pub, eight of the 15 highest-paid CEOs based in New York City hailed from the financial sector, compared with just three in 2009. And for the second year in a row, Gamco Investors' Mario Gabelli was tops on the pub's list, with $57 million in total compensation, up $13 million from 2009.

Also, Larry Fink, CEO of BlackRock Inc. [see profile], was paid $24 million, up $8 million, which was good enough for seventh place on the pub's list. Fink's firm went on the defensive recently about Fink's pay in 2010.

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