Wall Street Pay and CEO Performance May 2015
As executive recruiters we have an unquenchable curiosity about the pay of senior executives in the investment-management world.
Unfortunately, many of the biggest for-profit money managers aren’t about to divulge those numbers. We’d love to know what William McNabb makes as CEO of Vanguard, or James Simon’s comp at Renaissance Technologies. But they, and many others, are not listed on the stock exchanges and therefore can keep that information confidential.
Still, many other important asset managers are public companies, and the number is growing as major private-equity players and other managers seek access to the stock markets.
We’ve listed 2014 pay for 50 CEOs who run some of the biggest publicly-traded money-management firms.
Most are “pure” asset managers, but we also include some big banks and insurance companies which have major AM platforms among all their other lines of business. We limited our list to firms which have been publicly traded for at least five years, for reasons which will become apparent.
Then we try to measure how their pay is justified by the returns they generated for their stockholders. Actually, this was Congress’s idea, but we’re going to play along and see if it makes sense.Read More »