News

Bonus Watch ’14: A Kinder, Gentler SAC Capital

But SAC also took steps to keep employees on board in the firm’s new incarnation by sweetening its compensation plan for this year, the people said. Under the new terms, employees who stay through 2014 will be subject to more-relaxed rules about pay that is deferred until later years…SAC typically has held back a quarter of employees’ pay each year, investing it in the firm for the next three years and paying out that 25%, plus any investment gains, over the course of three years, according to people with knowledge of the matter. Under SAC’s old plan, employees choosing to leave the firm would forfeit any deferred compensation that had not vested. For this year, SAC said employees’ deferred compensation would vest immediately instead of over three years, though they still will be paid out over three years, the people said. That means that, even if employees were to leave SAC in January, they would be entitled to collect all the money owed them. [WSJ]

8 comments
(hidden for your protection)
Show all comments

8 Responses to “Bonus Watch ’14: A Kinder, Gentler SAC Capital”

  1. Guest says:

    Bess: did you wake up early or are you still going from a coke and Jaeger-fuelled binge last night?

  2. Stam4Life says:

    I can't wait for my comp to "vest" imediately, Patagonia Men's Medium please!