And you think Jamie Dimon and the other bank CEOs make a lot? Well I guess they do, but its nothing compared to the compensation which James Levin of Och Ziff (NYSE:OZM) is getting. Greg Zuckerman of the WSJ who made this discovery notes:
In 2012, James Levin, a then 30-year old trader at Och-Ziff Capital Management LLC, turned heads with a bet of more than $7.5 billion on “structured credit” debt investments, or about a quarter of the money the firm managed when the investments were made.
So what does James Levin do? Mr. Levin, 31, “who goes by Jimmy” according to Zuckerman now carries the titles of head of global credit and an executive managing director at Och-Ziff.
See more details below from the 14A below.
PS where can we apply?
Summary Compensation Table for 2013
The following table provides summary information concerning the compensation of our Named Executive Officers, who include our Chief Executive Officer, our Chief Financial Officer and each of our three other most highly compensated employees who served as executive officers for the fiscal year ended December 31, 2013.
|Name and Principal Position||Year||Salary
|Daniel Och(5)Chief Executive Officer,Executive Managing Director||2013||—||—||21,135,145||—||1,203,064||22,238,209|
|Joel M. Frank(6)||2013||—||4,120,459||936,482||368,094||63,357||5,488,392|
|Chief Financial Officer, Senior Chief Operating Officer,Executive Managing Director||2012||—||—||—||—||66,693||66,693|
|David Windreich(7)Head of U.S. and European Investing,Executive Managing Director||2013||—||6,000,000||4,889,875||715,560||80,415||11,685,850|
|Head of Global Credit,Executive Managing Director|
|Zoltan Varga(9)Head of Asian Investing, Executive Managing Director||2013||200,000||7,762,517||1,764,233||693,451||88,151||10,508,352|
|(1)||The “Bonus” column reflects the cash portion of the Performance Award made to the individual under the PIP. The PIP is described in more detail above under the heading “Partner Incentive Plan.”|