Compensation: Getting it Right

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A Story about Money?
(The following is a true story. Only the names have been changed to protect the entitled.)

It was a clear, crisp January day in the city that never sleeps. Anticipation hung in the air at ABC Alternative Investments. It was bonus day.
ABC just had its best year ever, and the team of thirty had high expectations for great rewards. To say the bonus pool was robust would have been a grand understatement. The two Sr. Portfolio Managers (Sam and Joe) were in line for some serious cash. Sounds like a great story with a happy ending. The lesson learned from this experience fundamentally changed the way Focus Consulting Group and this CEO think about compensation.

Description

A Story about Money?
(The following is a true story. Only the names have been changed to protect the entitled.)

It was a clear, crisp January day in the city that never sleeps. Anticipation hung in the air at ABC Alternative Investments. It was bonus day.
ABC just had its best year ever, and the team of thirty had high expectations for great rewards. To say the bonus pool was robust would have been a grand understatement. The two Sr. Portfolio Managers (Sam and Joe) were in line for some serious cash. Sounds like a great story with a happy ending. The lesson learned from this experience fundamentally changed the way Focus Consulting Group and this CEO think about compensation.

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