Compensation based on share price development? This is contrary to all sensible pay schemes and one of the main contributing factors to excessive executive pay. Maybe this works in the confines of a small investment boutique but even there it is not clear what the scheme could do to improve the performance produced for investment clients.
Excessive focus on individual performance is inherently dangerous, says Barry Olliff | City A.M.
During a speech yesterday at the New York City Bar Association, Brian Daly,
Director of the SEC’s Division of Investment Management, shared his
thoughts on...
1 day ago
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