Boutique Bank CEO Gets Bulge-Bracket Pay After a Record Year

While investment-banking executives stare into a deals abyss, a $27 million pay package may ease the pain for one executive, whose award tripled after he led his firm to record revenue last year.

Andrew Bednar, chief executive officer of New York boutique Perella Weinberg Partners, received a $22.9 million cash bonus and $3.6 million in stock awards on top of his base salary for 2024, according to a proxy filing.

The pay for Bednar, who remains an active dealmaker, puts him closer to the CEOs of bulge-bracket banks than his peers. His compensation package was nearly double ...