Here are the top 10 managers for 2009 in terms of net compensation. The majority of this comp is based on performance fees, plus investment returns on their own money.
The top 25 earners were paid a collective $25.3 billion. The lowest earner on the list earned a puny $350 million — a shanda! — making it embarrassing to even show his face at the country club. (What a loser).
Here’s your top 10 list:
Top Earning Fund Mangers
1.David Tepper, Appaloosa Management
Est. 2009 personal earnings: $4 billion
2. George Soros, Soros Fund Management
Est. 2009 personal earnings: $3.3 billion
3. James Simons, Renaissance Technologies
Est. 2009 personal earnings: $2.5 billion
4: John Paulson, Paulson & Company
Est. 2009 personal earnings: $2.3 billion
5: Steve Cohen, SAC Capital Advisors
Est. 2009 personal earnings: $1.4 billion
6. (tie): Carl Icahn, Icahn Capital
Est. 2009 personal earnings: $1.3 billion
6. (tie): Edward Lampert, ESL Investments
Est. 2009 personal earnings: $1.3 billion
8. (tie): Kenneth Griffin, Citadel Investment Group
Est. 2009 personal earnings: $900 million
8. (tie): John Arnold, Centaurus Advisors
Est. 2009 personal earnings: $900 million
10. Philip Falcone, Harbinger Capital Partners
Est. 2009 personal earnings: $825 million
All data, NYT, Absolute Return + Alpha.com
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As I have noted in the past, I have no problem with anyone making absurd amounts money of who actually earned it through their skill or creativity or business acumen. If you create something (Search engine, iPhone, etc.) or if you are an being outstanding investor or stock picker or trader, so be it.
My issue is with the people who rape and pillage their charges, leaving a destroyed firm behind, and the bills covered by the shareholders or taxpayers.
Wednesday, 30 March 2011
Wednesday, 23 March 2011
The opportunities after the crises
http://www.bloomberg.com/news/2011-03-21/buffett-won-t-sell-japan-shares-as-earthquake-creates-buying-opportunity-.html
Do you know how the chinese people write the word crises?- with two signs "One for the risk, and the second for the opportunity". And this is exactly what we observe after all of the disaster which happend. The shares all over the worlds stock exchanges are decreasing enormously and are extremely undervalued. I share the view of the most succesfully investor Warran Buffet and strictly reccomend you to invest you money now in shares, because not every day we can observe earthquake, like this one in Japan or the insolvency of Lehman Brothers or the the 9/11 attacks. The empirical evidence are bringing significant proves the the people are losing the rationality are ready to trade taking a lot or losses. And right now are coming the golden times for the risk-avers people like me, who love to earn money without taking any risk.
Do you know how the chinese people write the word crises?- with two signs "One for the risk, and the second for the opportunity". And this is exactly what we observe after all of the disaster which happend. The shares all over the worlds stock exchanges are decreasing enormously and are extremely undervalued. I share the view of the most succesfully investor Warran Buffet and strictly reccomend you to invest you money now in shares, because not every day we can observe earthquake, like this one in Japan or the insolvency of Lehman Brothers or the the 9/11 attacks. The empirical evidence are bringing significant proves the the people are losing the rationality are ready to trade taking a lot or losses. And right now are coming the golden times for the risk-avers people like me, who love to earn money without taking any risk.
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