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And we know the work they were doing will not be filled by anyone else.
by rileymat 11y ago
And we know the work they were doing will not be filled by anyone else.
- prostoalex 11y agoSure, the revenue structure based on the assumption "10 guys, most of them hedge fund managers, will make over a billion dollars, guaranteed" seems sustainable. Most of such income is off one-time events http://www.forbes.com/sites/robertwood/2013/12/20/mark-zuckerbergs-2-billion-tax-bill/ http://www.forbes.com/sites/robertwood/2013/12/20/mark-zucke... You can hope they're repeatable, and that works during the boom years, but during the bust years it becomes a "California double whammy" - not only your projections are over-blown, but the high-income tax events (which tend to be IPOs or big hedge fund wins, judging by the caliber of people stuck with multi-billion dollar tax bills) have also been eradicated by a stagnating/falling economy.