Och-Ziff Chief’s Pay Cut In ‘09

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 OchDaniel OchDaniel 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of