The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Janus Chief Defends Change in Portfolio Manager Compensation Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 04, 2008

Janus Chief Defends Change in Portfolio Manager Compensation

by: Armie Margaret Lee

The revolving door at Janus has been traced to the change in portfolio manager compensation implemented by CEO Gary Black, and the switch has also given rise to two lawsuits against the Denver-based firm. Black, however, said the change the pay scheme was the right thing to do. "We did tie the overall compensation to the overall business model," he told The Denver Post.

Gary Black
The discretionary pay of a Janus portfolio manager in now more tied to measures such as the manager is mentoring younger employees, whether they are driving the research debate and whether they are working with the salesforce. Black said the change wasn't mainly about trimming costs, and added that portfolio manager compensation at Janus, in fact, increased in 2007 compared to 2006.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use