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Another For The Class Warfare Files
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I never mastered the art of making a ton of money for screwing up, so maybe I'm a little jealous that hedge fund managers make billions a year even if they perform poorly. Losing money for your clients? You still get paid, and paid massively. The reason this happens is because the investors accept it. And even the managers who voluntarily take a pay cut in shame over poor performance make more in a year than most of us will make in a lifetime, so... we all got into the wrong careers. (New York Times)
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