"Whatever happened to pay for performance? As mutual funds have lost billions of dollars in shareholder value, fund executives have continued to reap generous rewards as if the
bull market never died. Customers of Gabelli mutual funds lost an average of 44% of their portfolios last year, but Mario Gabelli made $47 million. He and many other big-name fund executives have yet to scale back their pay despite their dismal performances.
" Fund fat cats get rich as investors suffer | 
