Man CEO Gets Bonus For First-Year Progress

Mar 14 2014 | 10:54am ET

Man Group has rewarded CEO Emmanuel Roman for its turnaround.

Roman received a US$2.3 million bonus on top of his US$1 million salary last year. In 2012, the former GLG Partners executive received no bonus.

Last year was Roman’s first at Man’s helm. He moved to aggressively cut costs and restructure the firm’s management, achieving Man’s first increase in earnings and share price in four years. He could have received an even larger bonus, but Man fell short of its revenue and earnings targets.

Man CFO Jonathan Sorrell also got a raise, thanks to a US$1.9 million bonus. Sorrell’s total compensation of US$2.6 million was 42% higher than in 2012.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note