GLG Partners Pay Cut Reversed

Jan 7 2010 | 3:07am 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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of