New heights in pay
NZPA-Reuter New York Multimillion-dollar income boosts took the pay of Wall Street’s top executives to new heights last year despite the insider trading scandal, according to a New York magazine. According to Financial World magazine, the 10 highest paid Wall Street executives each had average earnings of SUS6B.B million (5NZ117.6 million), up from SUSSI.I
million (SNZBB.4 million) in 1985, a gain of 34.5 per cent. The heavy flow of mergers and acquisitions fuelled Government investigations but also pumped up paychecks. The top income of SUSI2S million went to a senior partner at Lazard Frere, 54-year-old David Weill, who was involved in some of the year’s biggest deals.
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Press, 11 June 1987, Page 27
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111New heights in pay Press, 11 June 1987, Page 27
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