Hedge fund managers can make astronomical salaries far beyond the hopes and dreams of the average American. But as they say, you can’t take all those piles of money with you when you die.
Still, in case anyone had doubts, one hedge fund apparently felt compelled to clarify exactly what employees can expect if they happen to die, an event that might affect their ability to show up for work and contribute to the essential work of making partners stratospherically wealthy.
In their latest 10-Q regulatory filing hot off the presses today, hedge fund giant GLG Partners disclosed that it included the following stipulation in an employment contract for its CFO Jeffrey Rojek:
“The Employee’s employment with GLG will automatically terminate upon his death.”
Well that settles that. Don’t die or you’ll get fired. At least they warned him.
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