Friday, 24 February 2017
Last updated 36 min ago
Apr 22 2010 | 12:03pm ET
Och-Ziff Capital Management had a pretty good year in 2009, with its funds posting double-digit returns and erasing 2008’s losses. But its founder and CEO had to settle for a pay cut anyway.
Daniel Och received $9.5 million in total compensation last year, the New York-based firm said in a Securities and Exchange Commission filing. That’s down about $200,000 from 2008, when Och was paid $9.7 million despite his flagship fund’s 15.9% dive.
Last year, when the same OZ Master Fund posted a 23% return, Och received $9.4 million in stock awards and $53,668 in other compensation.
Of course, both of those figures pale in comparison to Och’s 2007 payday. According to the SEC filing, Och got $5.7 billion in total compensation that year, thanks to the firm’s initial public offering.