Thursday, December 11, 2008

Ryan Holderman: A suggestion on bonuses

From Ryan Holderman, December 9, 2008
Subject: A suggestion
Dear One & All:
Let's see...
The $6 million in bonuses for the fiscal year ended June 30 came because the pension fund lost 5.44 percent of its value, whereas the market as a whole lost 5.79 percent, pension officials said. By doing better than the market as a whole, the investment staff saved $215 million, according to the system's calculations.
So, let's give the investment folks a 0.35% bonus!
Larry KehresMount Union Collge
Division III
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