GLG chief on $1 salary

By Candice Krieger, April 2, 2009

Sir Fred Goodwin take note. According to reports, hedge-fund manager Noam Gottesman and two other top executives at GLG Partners, one of Europe’s biggest hedge funds, have cut their salaries to $1 (71p) as the global financial turmoil puts pressure on senior managers to waive their pay.

Last updated: 12:12pm, April 2 2009