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MAN SLASHES BONUSES
PETER Clarke, chief executive of UK hedge fund giant Man Group, saw his pay fall by 52 per cent last year as profits tumbled. Clarke’s bonus was cut to $6m (£3.7m) from $10m, taking his total pay down to $6.9m (£4.2m). Across the firm bonuses fell by almost half to £436m.
Its profits in the year to end May tumbled by 40 per cent.