Tuesday, October 11, 2016

benchmark & detract

Quotations:

Executive pay: 'Soft' bonus targets under the spotlight this corporate AGM season:


-- From next year, another soft target, "people and community", will be added to Mr Narev's benchmarks, meaning half of Mr Narev's long term bonus will not be linked to the financial performance of the bank.

-- "If anything, if they're not achieved they should detract from one's remuneration rather than add to it."

Definitions:

benchmark:
something that can be measured and used as a standard that other things can be compared with.

detract:
to reduce the quality, value, or importance of something by taking something away from it.




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