"Under a plan dubbed Project Magnolia, the management team is hoping the move will help preserve the compensation pool for its partners" This says all you need

"Under a plan dubbed Project Magnolia, the management team is hoping the move will help preserve the compensation pool for its partners" This says all you need to know. Reminded me of similar news I read yesterday about HSBC: https://www.reuters.com/markets/europe/hsbc-cuts-staff-bonus-pool-lifts-ceo-quinns-total-pay-2023-02-21/ https://www.reuters.com/markets/europe/hsbc-cuts-staff-bonus... "HSBC cuts staff bonus pool, lifts CEO Quinn's total pay" Sure.