W.R. Berkeley (WRB)
2008 Total compensation*: $6.63 million
It's all in the family for Robert Berkley, vice chairman of the $4.7 billion global underwriter of property and casualty insurance, and son of CEO and founder William R. Berkley.
Robert earned $3,868,500 worth of stock awards last year, as well as $1.8 million in non-equity incentive pay. Berkley shareholders did well too: The company, number 490 on the Fortune 500, was a top-performing stock last year with 4.9% in total shareholder return, thanks to volatile stock and debt markets.
Source: Equilar Inc.
NEXT: Jonathan Z. Cohen
Note: To be eligible for the 20 highest paid list, candidates had to be 39 or younger on Nov. 1, 2009.