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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…