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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…