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Is the formula legally binding? Can they change it retrospectively and pay out a lower bonus than it would require?
by willcipriano 3y ago
Is the formula legally binding? Can they change it retrospectively and pay out a lower bonus than it would require?
- xadhominemx 3y agoNo but these places are 100% dependent on attracting and retaining talent, as alpha decays quickly in unmaintained strategies.
- JumpCrisscross 3y ago> Is the formula legally binding? Sort of. Traders have successfully sued when screwed on a formulaic bonus. If it's discretionary, and historically didn't follow a formula, an employee has much less to stand on.