GLG Gives Execs $9M Reasons To Smile

Apr 4 2008 | 2:00am ET

Certain members of GLG Partner’s management team may be closer to buying the yachts of their dreams, if they haven’t already done so.

According to Securities & Exchange Commission filings, the firm’s compensation committee last month established performance goals for Chief Operating Officer Simon White, CFO Jeffrey Rojek and Alejandro San Miguel, general counsel and corporate secretary.

The committee established a notional bonus pool amount of $9 million for 2008, which would be divided up in cash to the executive officers if certain performance goals were satisfied. However, no bonus will be paid to the executives if the firm’s net assets under management fall below a certain minimum performance target amount.

GLG said it believes that the target net AUM amount, which has not been determined, for 2008 is set at a level achievable if it meets its current business plan.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of