Friday, May 16, 2008

3.7 Billion Dollars




That is what one man earned in 2007 according to the Boston Globe. 3,700,000,000.
No, not a company, one man earned that much money. Yep, a far cry from minimum wage... John Paulson, a hedge fund manager who predicted the subprime lending crisis would happen and thus resulted in massive foreclosures on home mortgages, led as the top earner among hedge fund managers. The top five managers all earned over a billion dollars in income. There’s just no getting around it…that’s a lot of money. Just for fun let’s consider how much that is…

$ 308,333,333. a month
$ 71,153,846. a week
$ 10,136,986. a day
$ 422,374. an hour
$ 7,039. a min

Now, some might feel that Mr. Paulson was overpaid…so let me pose a question: What do you suppose would justify earning that kind of salary in a calendar year?

Monday, May 12, 2008

I love SNL...