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Sunday, March 15, 2009

Weekend Quote - Should traders get multi-million dollar bonuses?

The author of "An Anonymous Trader Defends His Pay (Mar. 16, p.29) argues that his $1 million bonus is fair. If he helped make $100 million, he should get 1%. I say sure, as long as he's exposed on the downside. If you share in a $100 million profit, you should also share in a $500 million loss if you cause it. Since the loss is worse for the company, your share should be 5%. You should be eligible for a $1 million bonus only afer depositing $25 million into an account that would be used to reimburse the company if your gambles don't pay off. If you aren't happy with that, settle for $400,000 to risk company money.

- Stuart Boreen

Source: Traders Anonymous, Readers Say, Forbes magazine, Mar 30, 2009 p. 16

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posted by Ruby @ 9:18 AM

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