Mario Gabelli rewarded himself handsomely for all of that money his firm raised in 2013. Henry-Kravis-and-George-Roberts-put-together kind of handsomely. Four-Lloyd-Blankfeins-stacked-on-top-of-each-other-with-an-extra-$5.4 million-on-the-side kind of handsomely.
Longtime stock picker Mario Gabelli earned $85 million in 2013, easily topping the pay of financial titans like KKR & Co.’s Henry Kravis and George Roberts, BlackRock Inc.’s Larry Fink and even Goldman Sachs & Co.’s Lloyd Blankfein, according to a survey of financial executive pay released Monday by the research firm SNL Financial.
Mario Gabelli: Wall Street’s Highest Paid CEO [WSJ MoneyBeat blog]