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0 -0.000276346375798609 0.00024058390363641 0.000536437082432519 -0.0012679421948405 -0.00190191329226063 -0.000276346375798609 0.00216200399889466
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Fmr. AllianceBernstein CEO has a message for managers at his new firm: Perform, or take a pay cut [CNBC]

ALLIANCEBERNSTEIN (AB)  More Company Research Source: CNBC
Last alliancebernstein earnings: 7/26 06:49 am Check Earnings Report
PDF Former AllianceBernstein CEO Peter Kraus is paying employees at his new venture based on how they perform against the broader market. His new firm Aperture Investors will only charge higher fees than exchange-traded funds when they beat the market, and will claw back the bonuses for managers if they don't, according to a Wall Street Journal report. By aligning corporate pay with performance goals, Kraus is doubling down on odds that his money managers will outperform from the get-go. Published 50 Mins Ago CNBC.com [Read more]

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