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April 24, 2007
Okay Then We Hold the World Ransom for One Hundred BILLION Dollars!
As Dr. Evil (in the movie Austin Powers) found out after being in deep freeze since the 1960s, a million dollars ain't what it used to be. The New York Times reports today that, last year, three hedge fund managers made more than a billion each.
These charter members of the "billion-dollars-a-year-club" were highest paid among a group of 25 hedge fund managers who made at least $250 million last year. All together these 25 people earned $14 billion. As the Times points out, this is "enough to pay New York City's 80,000 public school teachers for nearly three years."
Posted by Price at April 24, 2007 09:17 PM