Prando's Asset Management - Bonus question

The chairman wonders whether to abolish Prando's theoretical remuneration scheme

Julian Marr
clock • 3 min read

"Do you know how close I came to witnessing the start of a revolution?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "And in, of all places, the Eurotunnel terminal at Calais."

"I don't have time for your whimsy today," said the chairman brusquely. "I need to work out whether to scrap Prando's staff bonuses." "Does Prando's actually pay its staff bonuses?" I asked. "OK," sighed the chairman. "If you're going to be pedantic - I need to work out whether to scrap Prando's theoretical staff bonuses. We do have a bonus structure, you know - it's just the criteria are pretty stiff and, for some reason, only one person ever seems able to meet his ...

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