Woodford scraps staff bonuses

clock • 2 min read

Neil Woodford has decided to permanently abolish staff bonuses at his firm Woodford Investment Management as he believes they can "distort behaviour".

According to The Times, the UK equity manager has put all staff on a flat salary instead of paying bonuses.   The rules, which came into force on 1 April for the firm's 35 staff, apply to all pa...

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