Ronald Lauder ran the family's cosmetics business as CEO from 1982 through 1999. He joined the company in 1958. Estee Lauder was started by his mother and his father, Joseph, in 1935. Fabrizio Freda has been paid well to run Estee Lauder since he became its most recent CEO in 2009. He made $21.4 million in 2011. But Freda can make a good case to his boss and to shareholders that he has done a good job regardless of who actually employs him. Shares in Estee Lauder have risen close to 100% in the past two years. The company had record revenue of $8.8 billion in fiscal 2011 and record net income of over $700 million. Estee Lauder is an example of a company that has done exceedingly well for shareholders despite them not having a voting stake in the company. In its last 10-K filing to the SEC, the company said about its voting power: "We are controlled by the Lauder family."