A pair of senior executives of the U.S. asset management business of
Richard Pell, chief executive and chief investment officer of Julius Baer Investment Management, and Rudolph-Riad Younes, head of international equity, together earned compensation packages worth $120 million for the first three quarters of last year, causing pretax earnings to be reduced by 57% to $92 million, said an analyst.
The details of the payouts were revealed in a filing with the
In 2006, Pell and Younes earned a combined $100 million accounting for 56% of pretax earnings, $57 million in 2005 and $12 million in 2004.