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Date Submitted: 03/07/2012 12:50 PM

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5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different division is also good. The idea of compensation based on hurdle rate is far from being just. And the rule of thumb may prove to be wrong in many cases, hope they don’t use it where it is crucial.

5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different division is also good. The idea of compensation based on hurdle rate is far from being just. And the rule of thumb may prove to be wrong in many cases, hope they don’t use it where it is crucial.

5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different division is also good. The idea of compensation based on hurdle rate is far from being just. And the rule of thumb may prove to be wrong in many cases, hope they don’t use it where it is crucial.

5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different division is also good. The idea of compensation based on hurdle rate is far from being just. And the rule of thumb may prove to be wrong in many cases, hope they don’t use it where it is crucial.

5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different division is also good. The idea of compensation based on hurdle rate is far from being just. And the rule of thumb may prove to be wrong in many cases, hope they don’t use it where it is crucial.

5. Comment on the firm’s use of hurdle rates.

The main use of the hurdle rates was the investment decision and this is reasonable. Using different rates for different...

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