Traders Anonymous

摘要

The author of "An Anonymous Trader Defends His Pay" (Mar. 16, p. 29) argues that his $1 million bonus is fair. If he helped make $100 million, he should get 1%. I say sure, as long as he's exposed on the downside. If you share in a $100 million profit, you should share in a $500 million loss if you cause it. Since the loss is worse for the company, your share should be 5%. You should be eligible for a $1 million bonus only after depositing $25 million into an account that would be used to reimburse the company if your gambles don't pay off. If you aren't happy with that, settle for $400,000 to risk company money.