No. 26 Andrea Jung of Avon Products $12.9 million
No. 37 Indra Nooyi of PespiCo $9.9 million
No. 72 Kay Krill of Ann Taylor Stores $5.7 million
No. 79 Janet Robinson of the New York Times Co. $5.3 million
Published 01:35, June the 25th, 2009
Who are they?
No. 26 Andrea Jung of Avon Products $12.9 million
No. 37 Indra Nooyi of PespiCo $9.9 million
No. 72 Kay Krill of Ann Taylor Stores $5.7 million
No. 79 Janet Robinson of the New York Times Co. $5.3 million
Ever heard of Peter Kraus? Mario Gabelli? If you’re not in finance, probably not. They’re the richest New Yorkers you’ve never heard of. A-Rod and Jeter are household names, but these guys made boatloads more last year as the highest-paid CEOs according to Crain’s New York Business.
Wall Streeters have lost bonuses, thousands have received pink slips, but as ranked by Crain’s, the top 100 execs raked in millions.
Kraus got $52 million when he joined investment management firm Alliance Bernstein Holding in December. Gabelli made $46 million at Gamco Investors and Camilleri took in $43 million at tobacco giant Philip Morris. For the record, Alex Rodriguez made $35 million and Derek Jeter earned $30 million last year, according to Sports Illustrated.
Shareholders are scrutinizing compensation packages more than ever, said HelenMary Tyszka of Baruch College’s Zicklin School of Business. “The directors, on the other hand, look for the best candidate to head the company as a visionary, especially in today’s turbulent economy.”
The White House’s “pay czar” can only set compensation for the top 100 employees of companies that received bailout money.