• 05 Mar 2014 at 9:15 AM

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]

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Comments (8)

  1. Posted by Guest | March 5, 2014 at 9:35 AM

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

  2. Posted by Stam4Life | March 5, 2014 at 10:07 AM

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

  3. Posted by guest | March 5, 2014 at 11:38 AM

    I chuckled.

  4. Posted by guest | March 5, 2014 at 11:38 AM

    swing and a miss

  5. Posted by Quant me maybe ... | March 5, 2014 at 11:57 AM

    Actually, I wondered by SAC didn't hand out monogrammed golden handcuffs.

    > Now I know why — they put the cuffs in the comp.

  6. Posted by guest | March 5, 2014 at 12:48 PM

    The thing is it isn't going to vest, you're gonna get "fleeced"!

  7. Posted by العاب بنات ميك اب | March 15, 2014 at 12:03 AM

    your poste is amazing

  8. Posted by العاب كوافير | March 19, 2014 at 1:39 AM

    thanks for it.