Friday, February 7, 2014

Quote of the day II

Buttonwood:
In the US in 2010, the top 25 hedge-fund managers earned four times as much as the top S&P 500 CEOs put together.

FLG isn't terribly concerned about inequality, but does think a lot of the remuneration in finance is based on gaming the system or taking huge risks at other peoples' expense.  In any case, that quote is a bit shocking to FLG.

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