GLG Chiefs Will Make More Than New Bosses At Man

Aug 10 2010 | 11:32am ET

If and when the Man Group’s deal to acquire GLG Partners is accused, the hedge fund giant’s CEO will be taking a back seat to GLG’s leaders when it comes to salary.

Noam Gottesman, Emmanuel Roman and Pierre Lagrange are each guaranteed base salaries of US$1 million, documents released by Man show. Peter Clarke, Man’s CEO, earns just US$925,000 a year in base salary. Jon Aisbitt, the firm’s chairman, takes home a paltry US$450,000.

Of course, base salaries are only a small part of the total compensation earned by any of the five men; Clarke took home a total of US$2.7 million last year. The GLG trio took home much more.

Man shareholders are set to vote on the proposed acquisition next month, with GLG shareholders to vote shortly thereafter.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...