Hedge Fund Managers | featured news

Sears CEO Edward Lampert's New Annual Salary: $1

Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year. A regulatory document filed Wednesday shows that the billionaire hedge fund manager will be paid an annual base salary of $1, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.


Einhorn drops lawsuit against Apple, ends high-profile challenge

Hedge fund manager David Einhorn's Greenlight Capital has dropped its lawsuit against Apple Inc after winning a battle to stop the iPhone maker from a shareholder vote on a proposal to abolish its ability to issue preferred shares at its discretion.


Ex-hedge fund manager charged in $250M insider scam

A former hedge fund manager was charged Tuesday in what prosecutors are calling the most lucrative insider trading scheme ever, with ill-gotten gains totaling more than $250 million.


Hedge fund manager charged with insider trading

A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, the latest in a series of cases brought by the U.S. government in recent years against money managers and traders.


Billionaire among 6 nabbed in inside trading case

One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.


Subscribe to this RSS topic: Syndicate content