TMZ – Man Group’s chief executive has missed out on incentive payments of around $US23 million ($NZ27m), the company’ accounts showed, as clients pulled their cash out of the world’s largest listed hedge fund firm during the financial crisis.
Peter Clarke, who took over as CEO from industry ‘godfather’ Stanley Fink in 2007, was granted a shares and options package in 2008 worth around $US14 million, dependent on performance, as part of a three-year incentive plan, Man’s report and accounts showed.
