GLG hedge fund executives reduce their salaries to $1
Friday, March 27, 2009 : PermalinkFinancial Times – The top three executives at GLG Partners, until recently Europe’s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay.
Noam Gottesmann and Pierre Lagrange, the "G" and "L" in GLG, and Manny Roman, co-chief executive with Mr Gottesmann, said in a regulatory filing that they had agreed to take $1 in salary from April to the end of the year. They receive no bonus, although all are big shareholders.
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bonus, chief-executive, europe, financial times, glg-partners, global financial turmoil, lagrange, salaries, salary, senior managers, shareholders
