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

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

Rating:Janus Execs, Managers Agree to New Comp Plan Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 26, 2005

Janus Execs, Managers Agree to New Comp Plan

by: Theresa Sim

At the start of this year, Janus rolled out a new system for compensating its executives, vice presidents, portfolio managers and analysts.

The investment professionals agreed to new guidelines for owning Janus equity and mutual funds that require "a certain level of compensation be held in JNS stock and Janus mutual fund shares," stated officials in a SEC filing.

Twenty-one of Janus' Denver-based portfolio managers agreed to a new performance-based compensation plan based on one-year and three-year performance results, with more emphasis on three-year results. "A significant portion of the portfolio managersí variable compensation will be earned and paid in a combination of Janus equity grants and Janus mutual funds," stated officials in the filing.

For agreeing to the new plan before the managers' old contract was up, Janus paid out the managers $15 million in vested Janus stock, an average of approximately $714,000 per manager.

The new executive compensation plan "sends a strong message to our fundholders and clients that our investment team is stable, properly aligned and squarely focused on what matters most, delivering consistently strong fund performance," said Gary Black, president and chief investment officer.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use