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Showing posts with label Straitened Times. Show all posts
Showing posts with label Straitened Times. Show all posts

Monday, February 1, 2016

Curb Bonuses in Straitened Times

ON the face of it, the bonus pool arrangement for staff at asset manager Coronation appears to be a good thing.

 Picture: THINKSTOCK
The plan dates back to 2003, shortly before the investment company listed. Coronation stipulated that it would set aside 30% of its pre-tax profits every year for staff, to be paid into a "bonus pool".

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