Hedge Fund Billionaire: Cut My Taxes, Close More Schools

The top twenty-five hedge fund managers made $13 billion last year. Yet that doesn’t seem to be enough for some of them. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.

“The world’s top 25 hedge fund managers earned $13bn last year – more than the entire economies of Namibia, the Bahamas or Nicaragua.

Kenneth Griffin, founder and chief executive of Citadel, and James Simons, founder and chairman of Renaissance Technologies, shared the top spot, taking home $1.7bn each – equivalent to the annual salaries of 112,000 people taking home the US federal minimum wage of $15,080.

The earnings of the best-performing hedge fund managers, published by Institutional Investor’s Alpha magazine on Tuesday, dwarfs the pay of top Wall Street executives who have been under fire for their multimillion-dollar pay deals. The best paid banker last year was JPMorgan Chase CEO Jamie Dimon, who collected $27m.”

Read more here: https://www.theguardian.com/business/2016/may/10/hedge-fund-managers-salaries-billions-kenneth-griffin-james-simon

Hosts: Cenk Uygur

Cast: Cenk Uygur

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