TITLE

Hedge Fund Honchos Make More in 10 Minutes Than Average Worker in a Year

PUB. DATE
September 2007
SOURCE
Money Management Executive;9/10/2007, Vol. 15 Issue 34, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the earnings of the U.S. top 20 hedge fund executive earnings in 2006. Base on the report by the Institute for Policy Studies and from the United for a Fair Economy, the executives earned an average of $655.5 million higher than the average workers earning which only amounted to $29, 500 in the previous year. An hourly computation of the executives revealed that they earned $210, 700 per hour which made them earned more than most American workers do in a year. .
ACCESSION #
26555313

 

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