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

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

Rating:Vanguard's Partnership Bonuses Bounce Back Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 2, 2010

Vanguard's Partnership Bonuses Bounce Back

News summary by MFWire's editors

Vanguard employees will receive a bigger bonus this year under a key incentive program after a dip. Daniel Wiener reports in the July edition of the Independent Adviser for Vanguard Investors that the 2009 "Partnership Plan" divided rate rose to $100.95, up from about $90 for 2008. (Under the structure of the plan, the 2009 dividends will be paid out starting this year, in fifths, over the course of five years.)

According to Wiener, the plan is designed particularly for motivating Vanguard's senior management, whom he claims receive the biggest chunk of their plan via the plan -- he estimates that Jack Brennan would earn between $6.8 million and $7.5 million this year, thanks largely to the plan, if he were still chairman. In contrast, Wiener reports that younger employees cap out receiving only 10 percent of their pay via the plan, and older employees cap out at 30.)

The plan's dividend peaked at $101.60 for 2007. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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:
Raw XML
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