But none of that would go to Clume, who was merely a salaried executive.

He will become the full-time, salaried chief executive and president by next fall, when Mr. Kessel, who now holds those titles, departs.

In November 1972, Kolton was named as the exchange's first chief executive officer and its first salaried top executive.

Through tremendous drive and ambition, he became one of the highest salaried executives and headed the group insurance division in the New York area.

Mr. Corrigan has hired on at Goldman as a salaried executive, not a partner.

College graduates and longtime salaried executives face the harsh question of economic survival, while the Wall Street juggernaut rolls on.

Why, having deemed Thomas unsuitable for an unpaid role as management board chairman, did they allow him to become a de facto highly salaried chief executive?

He has been the boss since 1990 and now rakes in an annual sum that salaried executives a generation ago could scarcely dream of.

In her 22 years as its senior salaried executive, its annual operating budget grew to $13.5 million from $1 million or less, Mr. Racioppi said.

This era saw the widespread emergence of a class of salaried executives and administrators who served the new, large-scale enterprises being created.