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The minimum individual payout on the list was $350 million in 2009, a sign of how richly compensated top hedge fund managers have remained despite public outrage over the pay packages at big banks and brokerage firms.
The average individual payout would be $190,000, with younger men receiving awards between $1m and $5m.
The minimum individual payout on the list was $350 million in 2009, a sign of how richly compensated hedge fund managers have remained despite public outrage over the pay packages at big banks and brokerage firms".
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The tax that the British government introduced on Wednesday — 50percentt of bank bonus pools for individual payouts of more than £25,000 ($40,700) — fails on both counts.
A spokeswoman at Cazenove declined to comment on individual payouts, but said no shareholder owned more than 2.7% of the shares.
Some $12.7bn£8.35bnbn) was set aside to pay its 34,000 staff, who will learn the size of their individual payouts in the coming days.
Goldman handed its staff a $15.3bn pay and bonus pool – an average of $430,000 per employee – and its 6,000 staff in London, and others around the world, learned the size of the individual payouts today.
The decision-making is opaque, the numbers involved are arbitrary, the individual payouts should be kept private, and it is perceived as a zero-sum game: each worker's bonus consists of money that could have gone to the others.
Goldman Sachs, which is due to report its 2009 figures on Thursday, is still wrestling with how to tackle the bonus tax among its 32,000 staff and has delayed informing them of their individual payouts until next week while it waits to evaluate the approach being taken by its rivals.
The only other director whose individual payouts are included in the shareholder circular is Santiago Zaldumbide, who gets £4m in 2013 and 2014 as retention payments, £4m under the contractual arrangements and a potential £2.6m through the long-term incentive plan.
That would have been bad news for Fred Goodwin, the then chief executive, since individual pension payouts are capped under PPF rules.
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