8.27.2008

Greed at a Glance

Know anyone who wakes up every day at five, works without a break until late afternoon, then gets back to work and sticks at it until bedtime — only to have that bedtime interrupted at least a couple times a night? You probably do. Single moms with young children, after all, have been living schedules just this hectic for years. Adam Levinson has a hectic schedule, too. The difference between single moms and Adam Levinson? About $300 million. That’s the bonus Levinson, a 38-year-old Wall Street speculative trader, collected from his employer, the Fortress Investment Group, this past April, the Wall Street Journal revealed last week. The Manhattan-based Levinson runs a hedge fund for Fortress. That fund is currently losing money, but Fortress, a public traded company, apparently feared that Levinson, without a sweet incentive to stay, would jump ship to a privately held hedge fund. How's Levinson defending his lush new reward? He’s emphasizing how long and hard he works. He gave the Journal an hour-by-hour rundown of his busy schedule, starting with his 5:10 a.m. wake-up for 20 minutes of yoga . . .

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