Saturday, 26 July 2014
Last updated 17 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…