America's 50 Richest Paydays

http://www.vanityfair.com/politics/features/2008/04/50paydays200804?printable=true&currentPage=all

by matstc • 18 years ago

3 3 18 years ago

pg• 18 years ago

This article is fundamentally mistaken. Most of these weren't increases in anyone's bottom line, but merely converting one form of asset to another.

byrneseyeview• 18 years ago

They are missing John Paulson ($3 to $4 billion) and John Arnold (possibly). And if they use the cash accounting method they seem to be using, anyone involved in finance is going to look good. A derivatives trader with 100% daily turnover could manage a $1 million portfolio that gave him $250 million in gross cash flow ($1 million in turnover X 250 or so trading days). Terribly flawed.

yzeli• 18 years ago

Also consider the tax implications and the biggest payday goes to the Department of the Treasury. So, even though there was a transfer in asset categories, it wasn’t one-for-one.

America's 50 Richest Paydays

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