Dude who tried to strip ASI makes million bucks an hour!

Anybody remember John Paulson, the hedge fund manager who threatened to oust the board of Algoma Steel unless they agreed to strip the company of $400 million in assets and take on $200 million in new debt? Paulson only convinced the company rid itse

Paulson only convinced the company rid itself of $200 million in excess cash.

Bummer, eh?

In case all you ASI pensioners were feeling sorry for this guy, we just wanted you to know that he isn't hurting for cash these days.

In fact, SooToday.com spotted Paulson on the front page of today's New York Times, which reports he made himself a cool $3.7 billion last year.

Billion. With a 'b.'

So we pulled out our calculator.

Assuming the talented Mr. Paulson toils for 60 hours a week and takes a three-week vacation, he's raking in more than a million and a quarter bucks an hour, dude!

To read the New York Times coverage, please click here.