4 of 20
4. W. Robert Berkeley, Jr.
W. Robert Berkeley, Jr.
EVP & Vice Chairman, Berkley International
W.R. Berkeley (WRB)

Age: 36
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
Last updated February 24 2010: 12:57 PM ET
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Note: *Total compensation includes actual salary received, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. If relevant, other compensation includes severance payments. Equilar Inc., an executive compensation research firm in Redwood Shores, Calif., chart by looking at Fortune 1000 companies with fiscal year ends ranging from July 2008 to June 2009 that filed proxies by October 5, 2009.

Note: To be eligible for the 20 highest paid list, candidates had to be 39 or younger on Nov. 1, 2009.
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