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Goober
Premium
join:2000-12-17
Naperville, IL
kudos:4

1 edit

reply to bmn

Re: Overcompensated vulture...

You're misinterpreting the typically yellow journalistic headline. The minimum bonus number is the minimum amount he will be paid IF bonuses are paid out at all.

For example, he may have a target bonus of 100%, but a minimum bonus of 75% and an incentive bonus of %125

Now, defining the trigger level for bonuses for the guy is a different question for a different day.

bmn
? ? ?
Premium,ExMod 2003-06
join:2001-03-15
hiatus

said by Goober:

You're misinterpreting the typically yellow journalistic headline. The minimum bonus number is the minimum amount he will be paid IF bonuses are paid out at all.

For example, he may have a target bonus of 100%, but a minimum bonus of 75% and an incentive bonus of %125
That clarifies it. It sounded like he was getting a bonus of $900+k regardless of performance from the wording in the article.

Now, defining the trigger level for bonuses for the guy is a different question for a different day.
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Goober
Premium
join:2000-12-17
Naperville, IL
kudos:4

Yeah, the minimum bonus language is a little misleading.


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