Indebted Phil Falcone Agrees to Forgo Bonus at HC2 in Midst of Proxy Fight

The move follows proxy adviser ISS’s recommendation that shareholders kick the former hedge fund manager off the company’s board.

Michelle Celarier April 30, 2020

Phil Falcone

(Christopher Goodney/Bloomberg)

Philip Falcone, the former hedge fund manager facing more than $80 million in claims from creditors, has agreed to forgo bonus payments as part of his compensation as CEO and president of HC2, the holding company that is in the midst of a fierce proxy

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