Friday, 27 March 2015
Last updated 1 hour ago
Mar 19 2012 | 11:30am ET
With his company's profit falling by more than half last year, Man Group CEO Peter Clarke also had to make due with less in 2011.
Clarke was paid a total of US$6.98 million last year, Man said. In the last nine months of 2010, Clarke made US$7.46 million, which adds up to a 30% haircut.
Clarke was paid US$925,000 in base salary, US$1.5 million in stock awards, US$1.25 million in options and a cash bonus of US$1 million.
Finance chief Kevin Hayes also suffered a big pay cut, getting $2.44 million, 42% less than his annualized pay for the prior nine months. Emmanuel Roman, the former GLG Partners co-CEO who now serves as Man chief operating officer, got US$1 million.
Man's pretax profit fell to $262 million in the nine months through December, compared to $599 million in the 12 months through March 2011.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…