Tuesday, 29 July 2014
Last updated 10 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…