Making Oodles of Boodle

Wall Street has generated plenty of scandal in the past year, but it has been even better at cranking out rewards for canny investors. In its second annual listing of the financial community's biggest moneymakers, the biweekly FinancialWorld heavily underlined that fact. The top ten names on the magazine's list of 100 superstars earned an average of $68.8 million each in 1986, up from $51.1 million in 1985.

At the very top of the list was Michel David-Weill, 54, a senior partner at the Manhattan-based Lazard Freres investment firm. According to FinancialWorld, David-Weill earned an estimated $125 million last year. He...