Hedge fund bonanza
Filed in archive executive pay by leon on August 31, 2007
How much do hedge fund managers make? A lot more than ordinary folk.
According to a new study, the top 20 private equity and hedge fund managers pocketed an average $657.5 million, or 22,255 times the pay of an average US worker. The top four each pocketed over $1 billion.
According to the Institute for Policy Studies and United for a Fair Economy study, chief executives made 364 times the pay of the average American worker, averaging about $10.8 million. Average perks came out to $438,342.
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