Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 25 May 2017, 08:15

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

### Show Tags

24 Apr 2007, 16:40
http://www.nytimes.com/2007/04/24/busin ... ei=5087%0A

Quote:
James Simons, a 69-year-old publicity shy former math professor, uses complex computer-driven mathematical models to make bets on stocks, bonds and commodities, among other things.

His earnings last year were $1.7 billion. Thats f.....n crazy...earnings of 1.7 Billion$

so now who are interested in Hedge Funds
GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Followers: 321

Kudos [?]: 2085 [0], given: 7

### Show Tags

24 Apr 2007, 16:49
1.7 billion? Is that all?
VP
Joined: 14 Feb 2005
Posts: 1000
Location: New York
Followers: 5

Kudos [?]: 20 [0], given: 0

### Show Tags

24 Apr 2007, 16:50
Compare that to

Quote:
His earnings last year were $1.7 billion. 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, 17:02
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? GMAT Club Legend Affiliations: HHonors Diamond, BGS Honor Society Joined: 05 Apr 2006 Posts: 5926 Schools: Chicago (Booth) - Class of 2009 GMAT 1: 730 Q45 V45 WE: Business Development (Consumer Products) Followers: 321 Kudos [?]: 2085 [0], given: 7 ### Show Tags 24 Apr 2007, 17:03 50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter. GMAT Club Legend Affiliations: HHonors Diamond, BGS Honor Society Joined: 05 Apr 2006 Posts: 5926 Schools: Chicago (Booth) - Class of 2009 GMAT 1: 730 Q45 V45 WE: Business Development (Consumer Products) Followers: 321 Kudos [?]: 2085 [0], given: 7 ### Show Tags 24 Apr 2007, 17:04 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: 2303
Schools: Darden
Followers: 44

Kudos [?]: 475 [0], given: 0

### Show Tags

24 Apr 2007, 17:18