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 Running Weld
By Stephen Rodrick
The quixotic candidacy of the partying patrician who wants to be governor, again. |
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 Vera Wang’s Second Honeymoon
By Amy Larocca
Brides love Vera Wang. But does she love them? (Not so much.) What this former Vogue editor and self-described fashion nun really has a passion for is clothes. But let her tell you about it. |
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THE IMPERIAL CITY
 The Good Old Boy of Time Inc.
By Kurt Andersen
John Huey sits atop Time and Fortune and 149 other magazines, ready to have some fun. Only now the good old days of big media are history. |
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THE POWER GRID
 Chuck’s Chance
By John Heilemann
Whatever happens with Judge Alito, Schumer is likely the Democratic winner. It’s all part of his secret plan for senatorial domination. |
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| News & Gossip |
The
10 Highest Paid CEOs
#5
David H. Komansky
COB and CEO,
Merrill Lynch & Co. Inc.
Direct
deposit: $16,250,000
Perks: $13,595,017 option value + $8,380,400
restricted stock awards
Total Compensation: $38,225,417
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King
without a prince: Komansky, 62, plans to retire
in 2004 but has yet to name a successor. Speculation
in the New
York Observer and elsewhere centers on asset-management
boss Jeffrey Peek, private brokerage head Stanley
O'Neal and investment banking boss Thomas Davis.
Humble roots: Komansky grew up in the Bronx,
the son of a postal worker.
Moment of inspiration: Komansky told the
New York Times in January: "The [brokerage]
business supercharged me. I worked for one guy who
did something I never forgot and often try to emulate.
I was running the trading desks. It was pretty pressure-packed;
I came under a lot of scrutiny. We all had notepaper
with our names and telephone numbers on it. One
morning I was going through my in-box and came across
a piece of his notepaper attached to a short story
about Teddy Roosevelt. It was about those who don't
try are doomed to failure. Those who do try and
fail, live to fight another day. I understood he
knew I was having a hard time and not to let it
get me down. He was expressing confidence in me.
"
Healthy aspirations: The New
York Post recently reported that Komansky
is bankrolling a weight-loss clinic for employees
worldwide. The firm's medical director said 5 to
10 percent of the firm's 8,000 New York employees
were seriously overweight. This percentage might
include Komansky himself, who, the Post writes,
"[is not necessarily] the best model. He certainly
isn't shaped like a model." Merrill Lynch, however,
would not comment on the shape-shifting plans, if
any, of its CEO.
Rankings
and data provided by Executive Compensation Advisory
Services (ECAS) for fiscal year 2000.
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