Web Stats Provided By Google Analytics

Thursday, October 9, 2014

4% bonuses for ethical behaviour

Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior. Bloomberg News reports that starting next year, some of the managers and analysts at Stamford, Connecticut-based Point72 Asset Management LP can earn an extra bonus of as much as 4 percent of compensation if they demonstrate adherence to the firm's compliance policy and ethical standards , contributions to the community and repeated strong investment performance, Mark Herr, a spokesman for the firm, said Wednesday in a telephone interview.

http://ift.tt/10VcD49

No comments:

Post a Comment

Popular Stamfor Roundup Posts - Last 7 Days

Popular Stamford Roundup Posts - Last 30 Days

Popular Stamford Roundup Posts - All Time

More Stamford News

Connecticut News

National News

World News

Business News

Sci/Tech News

Entertainment News

Sports News

Health News