Saturday, 23 August 2014
Last updated 1 day ago
May 15 2012 | 1:20pm ET
Clive Capital's highest paid employee had to do with less than half as much in compensation last year, as the firm's profit also fell by roughly half.
That employee—presumably founder Christian Levett, although Clive did not identify him in the Companies House filing today—took home US$60.8 million in the 12 months to the end of February. In the prior 11 months, the employee earned US$135 million.
All told, Levett and Clive's other directors, Richard Boland and Elizabeth Holstein, were paid US$82.5 million in the year to February. The three received US$168 million in the 11 months prior.
Clive's profits dropped from US$167.5 million to $79.5 million in the period, which included last May, when Clive lost some US$400 million on bad oil bets.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note