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

September 2007
Money Management Executive;9/10/2007, Vol. 15 Issue 34, p6
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. .


Related Articles

  • SOCIAL INSTITUTIONS, IMPERFECT INFORMATION, AND THE DISTRIBUTION OF INCOME: REPLY. Starrett, David // Quarterly Journal of Economics;Feb78, Vol. 92 Issue 1, p185 

    Replies to criticisms on an article which attempted to synthesize the neoclassical and radical theories of income distribution. Authority structure of managerial salary; Role of the wage differences between types of workers in explaining income inequality.

  • LIPA exec pay shouldn't be shocking. Kiernan, John // Long Island Business News (7/1993 to 5/2009);5/19/2006, Vol. 53 Issue 21, p11A 

    The article comments on Long Island Power Authority's (LIPA) salary structure for top executives. The salary structure of LIPA was developed six years ago after an executive salary consultant studied the authority and made recommendations. LIPA was created to stabilize rates and end the failure...

  • The ProPublica Blog: It Pays (in Billions) to Be a Top Hedge Fund Manager. Wang, Marian // Pro Publica;3/28/2010, p15 

    A blog related to the salaries of the hedge fund managers is discussed.

  • SALARY SNAPSHOT.  // Marketing (00253650);6/22/2005, p91 

    The article presents information on the average basic pay of executives of various industrial sectors. The wage of a marketing manager, typically a graduate with four or five years' marketing experience, is often dictated by the industry in which they work. However, pay inequalities at this...

  • CEO SALARIES AT RECORD HIGHS.  // CCPA Monitor;Jan/Feb2017, Vol. 23 Issue 5, p24 

    The article reports on the high salaries of 100 highest-paid chief executive officers (CEOs) in Canada which hit a historic high of $9.5 million in 2015. Topics include the impact of pay discrepancy on income inequality in Canada, recommendations from Canadian Centre for Policy Alternatives...

  • Pay Structures and Risk.  // Congressional Digest;Oct2009, Vol. 88 Issue 8, p229 

    The article focuses on executive pay structures and the risk that many compensation schemes introduce into the financial sector. The sources of the criticism to executive pay is discussed. Additional topics include the creation of tax incentives to encourage long-term-oriented pay packages and...

  • Having a say on pay. Hendershot, Steve // Crain's Chicago Business;5/28/2007, Vol. 30 Issue 22, p20 

    The article discusses the say on pay concept towards executives compensation package. Say on pay allows corporate shareholders to vote on an executive salary package before it approval and allow shareholders to express their opinion on pay package and benefits. Corporate governance lawyer...

  • Money Matters. Lacter, Mark // Los Angeles Magazine;Jun2007, Vol. 52 Issue 6, p115 

    The article offers a look at the distribution of salary in Los Angeles, California. It cites the unequal distribution of wealth in the city. It provides information on the salary of some well-known personalities, government officials and corporate executives in the U.S. It also offers...

  • Corporate Pay Pals. PRESCOTT OXMAN, MATTHEW // Corporate Knights Magazine;Nov2013, Vol. 12 Issue 4, p16 

    The article offers information on Wagemark, an international standard for workplace wage ratios and aims to shine a light on excessive executive compensation. Topics covered include the belief by the nonprofit that the wider the income gap, the poorer the performance of both companies and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics