Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:I'm Sorry, They Paid Gabelli What? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 29, 2014

I'm Sorry, They Paid Gabelli What?

News summary by MFWire's editors

Mario Gabelli made $85 million in salary in 2013.

That's one eighth the global domestic product of Somoa.

According to USA Today, the GAMCO founder, chief executive and investment officer was paid not only $85 million last year, but his three-year total compensation came to over $215 million.

According to the firm's proxy statement, Gabelli's compensation is equivalent to 10 percent of pre-tax profits.

USA Today writer Gary Strauss generously provided us with figures from other publicly-traded asset managers to give us perspective. According to his article:

Blackrock's Larry Fink was paid $22.9 million and gained $9.6 million from vested shares.

T. Rowe Price CEO James Kennedy received compensation valued at $8.5 million.

Franklin Resources' Greg Johnson was given $12.1 million and gained $5.4 million exercising stock options, plus $9.1 million from vested shares.

Invesco's Martin Flanagan 2013 compensation received $14.4 million. He gained another $8.7 million from vested shares.

Gabelli was paid $68,970,486 in 2012 and $61,693,390 in 2011. 

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use