£10m payday for Gore’s partner David Blood (2008 Obama London fundraiser co-chair)
Financial News ^ | September 26, 2011 | Giles Turner
Posted on Thursday, September 29, 2011 11:28:36 AM by maggief
David Blood, president, chief executive and co-founder of socially responsible asset manager Generation Investment Management with former US vice-president Al Gore, was awarded a 39% pay rise last year after a strong 12 months for sustainable investing. He took home £10.7m. Profits at the asset manager in the year to the end of last December rose 55.8% to £49.1m, and it currently has approximately $7bn under management, according to accounts filed at Companies House.
Generation’s 20 partners were paid a combined £49.4m, up from £31.6m in 2009.
(snip)
Last year, “ethical” investment outperformed more traditional asset classes. The FTSE/JSE Socially Responsible Index rose 11.84%, while the MSCI World Index increased 8.36%.
The company, which is run from purpose-built sustainable offices in London and New York, invests in firms based on economic, environmental and social criteria.
Blood, Gore and Mark Ferguson, the son of Manchester United manager Sir Alex Ferguson, founded the London-based firm in 2004.
Before that Blood was chief executive of Goldman Sachs Asset Management and the first recipient of the John L. Weinberg Award in 1990, given to a professional in the investment banking division who best demonstrates the US bank’s core values
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yea strange how the left in power and people like Gore support the protests and yet take money from wall street
I would love to get zero at a town hall event or anywhere and ask
“ you say you understand the protests as does pelosi etc so will you give back all of your money you got from wall street and will you now not take any more money from wall street?”
Infact if we had a decent reporter left in this country then that question needs to be asked.
We need to get to these events and get zero, Pelosi Gore etc to answer the questions like above, real questions that is which our biased media will not ask.