Earning a management fee for managing or monitoring assets under management (AUM) results in income that should be taxed at ordinary income tax rates. (Fees earned and taxed in Year 1).

FORBES: Most Read on

The new EXPEED 2TM image-processing engine enhances camera performance and helps to ensure brilliant image quality while managing color, contrast, exposure, noise and speed for optimal results.

ENGADGET: Nikon D3100 gets real, adds 1080p movie mode with continuous autofocus

Former Aston Villa manager Martin O'Neill and ex-Blackburn boss Sam Allardyce have been strongly linked with the Hammers hot seat, with the West Ham board reportedly due to meet on Wednesday to discuss Grant's future once more, perhaps annoyed almost as much by the Israeli's public rebuking of managing director Karren Brady for discussing transfer policy in her newspaper column as by results.

BBC: West Ham 2-1 Birmingham

Before the results of the referendum were in, David Owen, managing director and chief European financial economist for Jefferies International, said Friday that a "no" vote from Ireland would be "bad news" for the wider eurozone, where some countries are already struggling with recession.

CNN: Ireland's voters approve European fiscal treaty

Recruiting talented people, and holding them accountable for their results is the key to success in baseball and I think its the key to success in managing money.

FORBES: How Would Billy Beane Manage An Investment Team?