Life

GLG chief on $1 salary

April 2, 2009 11:12

By

Candice Krieger,

Candice Krieger

1 min read

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.

To get more from Life, click here to sign up for our free Life newsletter.

Support the world’s oldest Jewish newspaper