{"id":10211,"date":"2009-03-27T00:00:00","date_gmt":"2009-03-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"glg-hedge-fund-executives-reduce-their-salaries-to-1","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/glg-hedge-fund-executives-reduce-their-salaries-to-1.html","title":{"rendered":"GLG hedge fund executives reduce their salaries to $1"},"content":{"rendered":"<p>Financial Times &#8211; The top three executives at GLG Partners, until recently Europe&#8217;s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay.<\/p>\n<p>Noam Gottesmann and Pierre Lagrange, the &quot;G&quot; and &quot;L&quot; in GLG, and Manny Roman, co-chief executive with Mr Gottesmann, said in a regulatory filing that they had agreed to take $1 in salary from April to the end of the year. They receive no bonus, although all are big shareholders.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/2d8213d4-1a6e-11de-9f91-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F2d8213d4-1a6e-11de-9f91-0000779fd2ac.html&#038;_i_referer=http%3A%2F%2Fvillage.albourne.com%2Fuser%2Fnews.pcg%3Fid%3D54873\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; The top three executives at GLG Partners, until recently Europe&#8217;s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay. Noam Gottesmann and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1162,67,5309,4416,2473,9694,9695,9563,3850,6912,5661],"class_list":["post-10211","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bonus","tag-chief-executive","tag-europe","tag-financial-times","tag-glg-partners","tag-global-financial-turmoil","tag-lagrange","tag-salaries","tag-salary","tag-senior-managers","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10211"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10211\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}