Comments on: Billion Dollar Salary http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/ Sat, 13 Mar 2010 03:09:49 -0800 http://wordpress.org/?v=2.8.2 hourly 1 By: Chris http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/comment-page-1/#comment-17859 Chris Thu, 24 Apr 2008 02:20:47 +0000 http://www.chrisperruna.com/?p=1352#comment-17859 Tim, Steve A is one of my favorites. He made a cool billion $$$ this year and has been on this list for a decade. Tim,
Steve A is one of my favorites. He made a cool billion $$$ this year and has been on this list for a decade.

]]> By: Timothy Sykes http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/comment-page-1/#comment-17845 Timothy Sykes Tue, 22 Apr 2008 19:58:51 +0000 http://www.chrisperruna.com/?p=1352#comment-17845 yah let them keep their $, they've earned it...we need trading cards of these guys, i'd love a stevie cohen rookie yah let them keep their $, they’ve earned it…we need trading cards of these guys, i’d love a stevie cohen rookie

]]> By: Chris http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/comment-page-1/#comment-17843 Chris Tue, 22 Apr 2008 17:20:53 +0000 http://www.chrisperruna.com/?p=1352#comment-17843 Dexmus, I agree 110%! We should NOT be bailing out failed hedge funds and bankers that made half-a-million dollar mortgages to families earning $45k per year (and all similar acts). I have no problem with what they make. As for the cut he took home, 8.9% sounds low considering most firms/ managers take 1-2% off total equity and then up to 20% (or more) in profits. Bill, That would be a great list to see (apples to apples). I agree with the Soros comment – I don’t care for the guy from much of what he says outside of investing. Dexmus,
I agree 110%! We should NOT be bailing out failed hedge funds and bankers that made half-a-million dollar mortgages to families earning $45k per year (and all similar acts). I have no problem with what they make. As for the cut he took home, 8.9% sounds low considering most firms/ managers take 1-2% off total equity and then up to 20% (or more) in profits.

Bill,
That would be a great list to see (apples to apples). I agree with the Soros comment – I don’t care for the guy from much of what he says outside of investing.

]]> By: Bill aka NO DooDahs! http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/comment-page-1/#comment-17842 Bill aka NO DooDahs! Tue, 22 Apr 2008 15:14:31 +0000 http://www.chrisperruna.com/?p=1352#comment-17842 I don't care how much (in dollars) they earned. I'd like to see the same list, but the following statistics: * their pre-fee returns on assets under management (AUM) for 2007 * their pre-fee returns on AUM, annualized over the last 3,5, and 10 years * their fee arrangements (2/20, etc) THAT would be interesting. Otherwise, it means as much to me as how much Britney or Lindsay earned last year, actually means less, because I don't want to see pictures of Soros ... I don’t care how much (in dollars) they earned.

I’d like to see the same list, but the following statistics:

* their pre-fee returns on assets under management (AUM) for 2007
* their pre-fee returns on AUM, annualized over the last 3,5, and 10 years
* their fee arrangements (2/20, etc)

THAT would be interesting. Otherwise, it means as much to me as how much Britney or Lindsay earned last year, actually means less, because I don’t want to see pictures of Soros …

]]> By: dexmus http://www.chrisperruna.com/2008/04/22/billion-dollar-salary/comment-page-1/#comment-17841 dexmus Tue, 22 Apr 2008 15:14:11 +0000 http://www.chrisperruna.com/?p=1352#comment-17841 Well, despite the insane amount, I don't think the payments are out of line. For e.g. John Paulson made 3.4 Billion and his name has been thrown around by various senators coming up on CNBC as if it proves some kind of failure of capitalism and is unfair to the 'Common Man' who neither of them are. The truth is that it is perfectly reasonable. Paulson made 38 billion$ for his hedge fund. His cut - 3.4 Billion was 8.9%. Sales people in almost any industry, have a commission of 10-15% at the least (if not more) on the contracts they bring in. So by industry standards, Mr. Paulson had a very moderate cut. I think a lot of these politicians should lay off successful hedge fund managers and infact STOP bailing out failed hedge fund managers. Washington seems to love failed investors... Well, despite the insane amount, I don’t think the payments are out of line. For e.g. John Paulson made 3.4 Billion and his name has been thrown around by various senators coming up on CNBC as if it proves some kind of failure of capitalism and is unfair to the ‘Common Man’ who neither of them are.
The truth is that it is perfectly reasonable. Paulson made 38 billion$ for his hedge fund. His cut – 3.4 Billion was 8.9%.

Sales people in almost any industry, have a commission of 10-15% at the least (if not more) on the contracts they bring in. So by industry standards, Mr. Paulson had a very moderate cut.
I think a lot of these politicians should lay off successful hedge fund managers and infact STOP bailing out failed hedge fund managers. Washington seems to love failed investors…

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