The three founding partners of GLG Partners have agreed to have their salaries cut to $1 and waived their bonuses for the year as the embattled New York-listed hedge fund manager fights to retain assets, reports the Times. Noam Gottesman, chairman and co-chief executive, Emmanual Roman, co-chief executive, and Pierre Lagrange, a senior executive, have all agreed to the cut, according to an SEC filing. Last year, Gottesman and Roman took home pay and bonuses totalling $4.4m.
