The Buck Stops Here (With 1,013,958 Others)

The University of California board of regents approved on Thursday a $1,013,959 incentive award for Chief Investment Officer Jagdeep Singh Bachher for the 2017 fiscal year. The bonus is in addition to his $652,454 base salary. The compensation and governance committee, after meeting in closed session Wednesday, issued a statement citing "strong" investment results for the June 30 fiscal year as its reason for making the incentive payment. The $10.8 billion endowment returned a net 15.1% for the fiscal year, while the $61.6 billion pension fund returned 14.5%...

Full story at http://www.pionline.com/article/20170914/ONLINE/170919924/university-of-california-oks-1-million-bonus-for-cio-jagdeep-singh-bachher