Gabelli says there’s reason to worry about earnings

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: securities firm, Goldman Sachs Group Inc. He didn’t get a fixed salary or bonus, the Rye, New York-based money manager said in an April regulatory filing. His compensation was based on a portion of Gamco’s pretax profits and portfolio-management fees, according to the filing.

Gamco’s CEO made less than hedge-fund managers such as John Paulson, founder of New York-based Paulson & Co, who was paid an estimated $3.7 billion last year, according to Institutional Investor’s Alpha Magazine. George Soros was paid about $2.9 billion, while James Simons made an estimated $2.8 billion.

Last month, Gabelli called for Cablevision Systems Corp’s founding Dolan family to break up the company, threatening a proxy fight. The Dolans have come under criticism from Cablevision investors, who rejected their bid to buy the company for $36.26 a share last year. Cablevision dropped 4.1% to $30.26 in New York Stock Exchange composite trading on Thursday.