So exactly what sort of workload can the average chairman of a fund complex handle? Evidently, quite a substantial one, according to a report from The Rocky Mountain News.
Dennis Mullen, 61, is chairman of the Janus Capital funds in
Mullen's leadership role at Red Robin is notable, if for no other reason, for the fact that guiding a major fund group is reportedly a massive undertaking for any one person.
"It's an awful lot of work," said Meyrick Payne, a partner at Management Practice, a
Mullen, however, is well-compensated for his late nights, The Rocky Mountain News noted. Last year at Janus, he earned about $429,000, which exceeds the average director's pay of $128,000 for a shop with more than $30 billion in assets under management, according to estimations from the Investment Company Institute in
But how does he fit it all into one day? Quite nicely, said Cameron Avery, a lawyer at Bell Boyd & Lloyd in
"All I can say is that he has been a phenomenally good trustee of the Janus funds," Avery said. "And he devotes an enormous amount of time to Red Robin."