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Robinhood CEO highest paid CEO in US financial services industry

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Robinhood CEO highest paid CEO in US financial services industry

Robinhood Markets Inc. CEO Vladimir Tenev was the highest-paid executive in the U.S. financial services industry in 2021.

Each of the highest 10 highest-paid CEOs in the investment bank, broker or capital market companies category saw at least an 18% increase in their annual compensation for 2021, according to an S&P Global Market Intelligence analysis of publicly traded companies.

Tenev's total compensation rose to $796.1 million in 2021, driven mainly by $794.0 million in stock grants.

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Perella Weinberg Partners' Peter Weinberg ranked second on the list with total compensation that jumped by 1,199.5% to $71.8 million in 2021.

Goldman Sachs Group Inc.'s David Solomon was third with an increase of 65.2% to $39.5 million, while Morgan Stanley's James Gorman was fourth with an 18.3% increase to $34.9 million.

All but one

GAMCO Investors Inc. CEO Mario Gabelli was the only chief executive on the list of highest-paid CEOs in the U.S. asset management industry not to have his compensation increase in 2021. Gabelli's compensation remained unchanged from 2020 at $29.2 million.

KKR & Co. Inc. co-CEOs Joseph Bae and Scott Nuttall earned the top two spots in the U.S. asset management industry, with their compensations jumping 1,463% to $559.6 million and 1,345.2% to $523.1 million, respectively.

Blackstone Inc.'s Stephen Schwarzman's compensation, comprised entirely of cash, jumped 85.6% to $160.3 million in 2021.

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Mixed results

Among the 10 highest-paid CEOs at specialty lenders, three saw year-over-year decreases in compensation. Sallie Mae's Jonathan Witter's compensation decreased by 38.1% to $7 million; FirstCash Holdings Inc's Rick Wessel saw a 31.6% decrease to $7.2 million; and Navient Corp.'s John Remondi's compensation dropped 2.7% to $7.9 million.

Credit Acceptance Corp.'s CEO Kenneth Booth took the top spot with total compensation that grew 1,510.6% to $30.5 million in 2021.

Capital One Financial Corp.'s CEO Richard Fairbank ranked second with total compensation that rose 1.7% to $20.5 million.

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