Pay for Performance: Stand and Deliver Dept. 0
I don’t care who it is, no one provides $1,000,000,000 worth of performance in a year.
Espcially not for playing monopoly with other people’s money.
(snip)
Top 25 top-performing managers made $464 million each on average last year. That’s down from a record $892 million apiece in 2007, before the credit crisis triggered big losses and redemptions across the $1.5 trillion industry. Alpha Magazine cut its list of top earners to 25 from 50 last year.
