Bonus Watch '08: SAC

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The hits just keeping on coming out of 72 Cummings Point Road today. We don't want to believe it but supposedly:

SAC is making every PM sign new contracts. Changing the holdback. It used to be 5%-10% that got held back and paid in February. Now it's 20%-25% being held back for 3 years, with a 3 yr cliff vesting, and claw back provisions over the 3 yrs.

And separately, it's been rumored that Dan Berkowitz is being pressured to sell his Porsche, the sight of which has enraged Mr. C since the automaker made sweet rape to the firm a few months back. No, just kidding. But seriously think about it. Solidarity and whatnot.

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