A director resigned from the board of Sculptor Capital Management, alleging governance failures including “staggering” compensation awarded to the largest publicly traded U.S. hedge-fund firm’s CEO.
The allegations and resignation, detailed in a letter to the board Sculptor disclosed Thursday, have echoes of a past fight between firm founder
Daniel S. Och
and his onetime protégé, Chief Executive
James Levin.
Mr. Levin became CEO of the firm, formerly known as
after a pitched succession battle in 2018 that led Mr. Och to step back.
The director who resigned in late January,
Morgan Rutman,
was nominated to the board by Mr. Och and joined in 2019….
