GLG Partners Pay Cut Reversed

Jan 7 2010 | 2:07am ET

Last year, following one of their firm’s worst-ever years, the heads of GLG Partners took a voluntary pay cut. But things have turned around, and Noam Gottseman, Emmanuel Roman and Pierre Lagrange will all be paid in full this year.

The trio took the pay cut in April. This year, they’ll each get $1 million in salary, with bonuses to come, the Financial Times reports.

Meanwhile, the New York-based Gottesman has moved to keep his million away from British tax authorities and their new 50% top income tax rate. Gottesman, who received half of his US$800,000 last year in London and half in New York, will this year get all but US$200,000 paid out of New York.

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