Executive Excess 2008 also looks at the pay of fund managers - which is usually ignored in general discussions of rising pay because such managers are not heads of publicly traded companies so many arguments levied against them do not apply. However, through the lens of beneficial tax treatment, fund managers may be
more, not less, guilty. Here are the top 5 fund managers by pay in 2007 (no, these billion dollar numbers are not typos):
John Paulson, Paulson & Co.: $3.7 billion
George Soros, Soros Fund Management: $2.9 billion
James Simons, Renaissance Technologies: $2.8 billion
Philip Falcone, Harbinger Partners: $1.7 billion
Kenneth Griffin, Citadel Investment Group: $1.5 billion