Newspaper article from our research archive:
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Two city financiers each pay themselves [pounds sterling]400m.
- Article from:
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The Daily Mail (London, England)
- Article date:
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April 9, 2008
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Copyright informationCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE credit crunch may be starting to hit the pockets of ordinary workers- but two London-based financiers have yet to feel the pinch.
Hedge fund managers Noam Gottesman and Pierre Lagrange paid themselves[pounds sterling]400million each last year, dwarfing their [pounds sterling]250million pay packets in 2006.
This was on top of the [pounds sterling]135million in cash and [pounds sterling]324million in shares they bothnetted when their company GLG Partners was floated on the New York StockExchange in June 2007.
The two men have been dubbed 'Masters of the Universe' because of their abilityto defy the global downturn.
The GLG tycoons are among the elite of the ...
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