Friday, 25 July 2014
Last updated 6 hours 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.
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…