To paraphrase Lloyd Bentsen, you haven't met a real elitist until you consider the life of John Paulson. His salary last year: $3.7 billion. That is not a misprint: three billion, seven hundred million dollars. Now that's doing elitism in a big way. Welcome to the new Gilded Age.
Today, Institutional Investor Magazine releases its rankings for the big paychecks for the hedge fund managers on Wall Street. Drum roll, please:
John Paulson earned a record $3.7 billion last...
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