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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR