MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 26, 2005 Gabelli Takes Home $55 Million It looks like Mario Gabelli may now be the highest paid executive in the fund industry. The founder of Gabelli Asset Management took home $55 million in 2004, a nice increase from his $38.7 million in compensation in 2003. Gabelli has not draws any options, bonus or even base salary since 1999. Instead, he is paid a management fee of 10 percent of the firm's pre-tax profits. He also received less than $50,000 in perquisites, including a company car and drivers, club membership dues and paid cell phones. The company said it would pay no money for those perks in 2005. Printed from: MFWire.com/story.asp?s=9567 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |