tumbledry

Hedge fund bonuses

The International Herald Tribune has an interesting article: Hedge fund managers get billion-dollar paydays. When the market is down in so many places, it has to be up in others. Incidentally, the reported $3.7 billion bonus for one man in one year would give a $100,000+ bonus to all the families in my home town of Woodbury.

I have no problem with people lucky enough to earn these massive bonuses, but it’s hard to wrap your brain around how big that number is.

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