RE: RE: RE: RE: RE: RE: AAB WarrentsJust look at the financial statements. Over $1mm in bonus accrued in 2Q, paid in 3Q. The bonus policy was supposed to be 10% of realized gains, but Aberdeen has realized a net loss this year and since inception of the merchant banking strategy. So in actual practice they are not following the 1/10 they promised to investors. Am I missing something? Can you find $10mm of gains realized by 7/31/09?
The actual bonus doesn't bother me too much since I believe management has done a good job, but it annoys me that they deviated from the policy they promised to investors and stated it in public documents.