William Manning, the chairman and founder of Fairport, N.Y.-based investment house Manning & Napier, was rewarded with enough stocks and other compensation to total $360 million in fiscal 2011. Paul Hodgson, who reported this largesse, said to file this “in the ‘you’re joking, surely’ series.” Manning had just completed organizing a group of privately...
On the face of it, Caterpillar Industries is an American success story. It is a thriving manufacturing company from the heartland which is triumphing with international expansion. They reported record earnings of $4.9 billion last year. Their Q4 2011 profit jumped by 58% alone. Last week they raised profit projections again. The industrial equipment...
The largest remaining bookstore chain in the U.S., Barnes & Noble, found itself in a tailspin a few years ago as their core business was going digital. In February, 2009, they hired William Lynch as the new CEO with the mandate to lead the company our of the wilderness. Lynch is credited with creating and implementing...
We have a winner. Top CEO Payday of 2011 was $746,186,123 according to a review of The Blackstone Group’s annual report. Until 2011, Stephen Schwartzmann had hit a dry spell. It had been two years since he last earned more than $700 million in one year. The Blackstone CEO earned $702 million that year,...
The board of the Walt Disney Company said CEO Rober Iger deserved to be the Lion King because 90% of his compensation was based on incentives he earned. The Burbank, Calif. entertainment giant reached record profits last year. Based on SEC filings, Iger earned a base salary of only $2 million and stock awards...
A company which has seen big sales success from their smart phone chip technology, Qualcomm Inc. rewarded their chief executive officer with a 23% raise for the most recent fiscal year. Paul Jacobs earned a total compensation package of $21.7 million according to SEC filings. Mr. Jacobs received a salary of $1.15 million and...
The three founders of one of the first, and still most respected, private-equity firms reaped the fruits of their labor last year when the earned more then $400 million between them. The Carlyle Group, based in Washington, D.C., made a big splash when the founders brought in well-connected politicians to give the company gravitas....
