Bonus Watch '14: A Kinder, Gentler SAC Capital

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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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Bonus Watch '13: SAC Capital

Back in December, a bunch of recruiters made the bold claim that following the government's charges against former portfolio manager Mathew Martoma, SAC Capital employees were, if not giving them the time of day, at least waiting a few seconds longer before hanging up the phone. At another firm, the turn events probably would have been cause for concern that the staff would be abandoning ship in short order. Since we're talking about SAC, though, we figured not only would The Big Guy & Co not be concerned about the prospect of mass resignations but would take the opportunity to remind people that this is SAC Capital and at SAC Capital, they don't receive resignation letters, they only issue pink slips, lest anyone be getting any ideas. So you can imagine our shock and horror to find out this happened: