WHAT PEOPLE EARN (Part 267) -- by Steve Nadis
According to a new report from the Institute for Policy Studies, the top 20 private equity and hedge fund managers earn $657.5 million per year, on average. That comes out to more than $210,000 PER HOUR. In other words, these people earn more in 15 minutes than I do in an entire year. What do I do in a typical 15-minute stretch? Check my email, have a sip of water, check something on the internet (weather, time, sports, etc.). Go outside, check the mailbox. Come back in, sit down, type a few words, stop for a break. A year, in a sense, is made of these 15-minute stretches, all added together. So you can see why they get what they do and I get what I do.
