Wednesday, April 16, 2008

The New Casinos

Wall Street knows no excess. The International Herald Tribune today reports that:

"Combined, the top 50 hedge fund managers last year earned $29 billion. That figure represents the managers' own pay and excludes the compensation of their employees."

That's $580 million apiece, though some "earned" more, some less. The median earnings for an American family over the same period — $60,500.


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