A Modest Essay about Extraordinary Paychecks
March 23, 2011 — Every fourteen minutes in 2009, hedge fund manager David Tepper made President Obama’s annual salary. With 2010 compensation figures forthcoming as companies prepare for annual meetings, let’s reflect for a moment on the results from 2009 with which they will be compared. And a preview of those 2010 figures: John Paulson will exceed Tepper. In fact, all the numbers for 2010 will pale next to what’s already known about Paulson’s compensation.