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VP
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As one of the leading hedge fund managers, Mr. Simons makes a sum that dwarfs that of the top chiefs on Wall Street. The highest paid on the Street, Lloyd C. Blankfein of Goldman Sachs, earned $54.3 million in salary, cash, restricted stock and stock options last year. (Unlike the total for Mr. Simons, Mr. BlankfeinтАЩs reported compensation does not include gains on investments.) Intern Joined: 28 Mar 2007 Posts: 26 Followers: 0 Kudos [?]: 1 [0], given: 0 ### Show Tags 24 Apr 2007, 16:02 Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:$141,666,667 per month
$32,692,308 per week$6,538,462 per work day
$544,872 per hour and what's minimum wage?$7.75/hr?
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24 Apr 2007, 16:03
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.
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24 Apr 2007, 16:04
mattyb wrote:
Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:

$141,666,667 per month$32,692,308 per week
$6,538,462 per work day$544,872 per hour

and what's minimum wage? $7.75/hr? Could you imagine trying to spend that as fast as you made it? I think it would actually be near impossible to do. SVP Joined: 31 Jul 2006 Posts: 2304 Schools: Darden Followers: 43 Kudos [?]: 475 [0], given: 0 ### Show Tags 24 Apr 2007, 16:18 You could just buy one really big thing, like the Venetian in Las Vegas which cost$1.5 Billion or something like that. Then you could just board it up and use it as your vacation home.
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24 Apr 2007, 17:01
rhyme wrote:
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.

I agree. There's a point after which you are in it for sth else. You are either a power junkie, a deal junkie, a success junkie, a whatever junkie but you are not in it for the money.

L.
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24 Apr 2007, 18:44
rhyme wrote:
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.

you can easily spend 50M in a day; buy several Enzos for your buddies and a few condos in Marco Islands for your kids.

Man, he is broke already!!
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25 Apr 2007, 01:41
No wonder CEO is no longer the most popular job.
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25 Apr 2007, 11:12
YOWZA
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There are three things in life: Price, Quality, and Speed. You only get two out of the three.

25 Apr 2007, 11:12
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# Top Hedge Fund Managers Earn Over \$240 Million

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