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 |
|
Monday, May 2, 2005 Gabelli Takes Home $55 MM Mario Gabelli took home $55 million in total compensation last year, but it looks to be well-deserved, reports Reuters. Of that $55 million, Gabelli took home $44 million for his portfolio management responsibilities and $11 million for running Gabelli. "What would someone pay to have the kind of record and kind of visibility that I have brought to the table for 28 years to the money management business and is that a value added?" Gabelli told Reuters. Gabelli Asset Management has returned 9,761 percent since 1977, compared to 2,917 percent for the S&P 500 Index. More recently, the asset management firm raked in $255.2 million in revenues for 2004. If $55 million still sounds significant, take heart: the founder of Gabelli Asset Management doesn't get stock options, a pension or 401(k) plan, bonuses or a base salary, and still gets paid far less than the top hedge fund managers. Printed from: MFWire.com/story.asp?s=9600 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |