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Steve Job's bonus may have been $43 million, but John Paulson made $3.7 billion in 2007 -- it's not an executive bonus, but I think that excessive compensation,
by toby 17y ago
Steve Job's bonus may have been $43 million, but John Paulson made $3.7 billion in 2007 -- it's not an executive bonus, but I think that excessive compensation, regardless of structure, is what people get annoyed about.
These results are technically accurate, in that they cover "named executives for companies in the Russell 3000", but I think they're a bit misleading because (1) most hedge funds are not listed companies and (2) traders who get massive performance bonuses are typically not executives.
EDIT: "hedge funds are _not_ listed companies"
- dataman85 17y agoExactly. Top hedge fund managers regularly make over a billion every year. Even last year, with the stock market meltdown, the 25 top earners made more than $11 billion. http://money.cnn.com/2009/03/25/markets/hedge_alpha/index.htm http://money.cnn.com/2009/03/25/markets/hedge_alpha/index.ht...