The income-inequality debate in America tends to focus on CEO pay, but keep an eye on Wall Street's slice and check out research suggesting that in 2007 the top five hedge fund managers earned more than all S&P 500 CEOs combined - and all of it taxed at the capital gains rate. [View news story]
Aren't Wall Street CEO's nothing more than employees of public companies with little or no skin in the game (risk), while hedge funds are privately owned with compensation directly tied to performance? Not sure I see the point of the comparison.
The income-inequality debate in America tends to focus on CEO pay, but keep an eye on Wall Street's slice and check out research suggesting that in 2007 the top five hedge fund managers earned more than all S&P 500 CEOs combined - and all of it taxed at the capital gains rate. [View news story]