Peter Gelb, the general manager of the Metropolitan Opera, took an 11 percent pay cut in 2009 to $1.3 million in salary and benefits as the company’s endowment got sliced by the world financial crisis.
Home Secretary Theresa May and Education Secretary Michael Gove, both Conservative Cabinet ministers in Prime Minister David Cameron’s U.K. coalition, clashed over how to handle Islamist extremism in schools.
Man Group Plc, the world’s biggest publicly traded hedge-fund manager, reported $2.7 billion in fourth-quarter client outflows, adding pressure on new Chief Executive Officer Emmanuel Roman to improve performance.
John Maynard Keynes’s generation of economists assumed that as people became more efficient at satisfying their wants, they would, and should as rational agents, work less and enjoy life more. Yet power relationships and the insatiability of human wants are such that we have maintained an ethic of acquisitiveness.
Man Group Plc, the world’s largest publicly traded hedge fund, is seeing demand for hedge funds from sovereign and institutional investors in the Asia-Pacific region, said Chief Executive Officer Peter Clarke.
Man Group Plc, the world’s biggest publicly traded hedge-fund manager, said outflows increased 57 percent in the third quarter amid an environment for sales Chief Executive Officer Peter Clarke called “subdued.”