The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Another Gross Lesson: How to Keep Pay Figures Private Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 20, 2014

Another Gross Lesson: How to Keep Pay Figures Private

News summary by MFWire's editors

For fundsters at publicly-traded companies, the Bill Gross saga may hold some lessons about paying your stars.

Joe Morris at the Financial Times reports that Janus [profile] is designating the billionaire bong king as a PM-only, not an executive, and thus can avoid two things: disclosing precisely how much Janus is paying Gross, and shareholder voting on that compensation. Yet Janus does have to describe the factors that go into figuring out that compensation, which in this case (like for many PMs) includes both a base salary and variable pay.

"They can be pretty vague about it," Bridget Hughes associate director of fund analysis at Morningstar, tells the FT.

"If I were them, I would say he is not an executive officer, he is just another portfolio manager who we don't have to disclose," adds Alan Johnson, managing director of consultancy Johnson Associates.

The article puts Janus' move to keep Gross' pay private in the context of Janus shareholders having "a history of rebelling against steep executive compensation." The FT points out that pay for Janus CEO Dick Weil "has fallen nearly 80 per cent since taking the job in 2010." 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use