"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 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes