QOTD: Leon Cooperman on being a demanding boss

Legendary take-no-shit hedge fund manager Leon Cooperman (Omega Advisors) was profiled in Barron’s this weekend for both his recent run of high returns and the large-scale philanthropy he does.

I really liked Leon’s response to the question of whether or not he screams at his analysts and resesarchers:

“If you are paying somebody two and 20, as opposed to 1%, you basically have the right to expect more from that person…And that’s what I tell my people: You’ve elected, for better or worse, to be in the two-and-20 game, so you have to be on the balls of your feet at all times.”

Leon’s famous for both his temper and his work ethic. When I asked a friend of mine who’s known him “forever and a day” about this work ethic and whether or not it was just mythology, I was told to take whatever I’ve been told and multiply it by ten.


Cues From Cooperman (Barron’s)

What's been said:

Discussions found on the web
  1. video star transitions codes zoom commented on Sep 15

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2013/05/20/qotd-leon-cooperman-on-being-a-demanding-boss/ […]

  2. Eat Verts commented on Sep 22

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2013/05/20/qotd-leon-cooperman-on-being-a-demanding-boss/ […]