It gets a monthly retainer ranging from $25,000 to $100,000 for running the software, plus a bonus of up to 4% of gross revenues for each find.
The United Learning Trust paid one of its staff between £180,000 and £190,000 in gross salary and bonuses.
But there on the screen was Mr. Swartz's retention agreement from 2001, complete with a passage about providing a "gross up" for bonuses.
The former included all forms of cash wage and salary income, including employer and annual bonuses, gross of employee social insurance contributions and taxes.
"You've had bonuses paid off gross income, you've had bonuses paid off first-day [profits], you've had bonuses paid without any capital charge and so you can see how that gives rise to the wrong and frankly inflated numbers," he said.
This article was amended on 1 April 2016 to change, in two places, the phrase "took home" to "were paid", because the related figures are for gross remuneration, including salary, bonuses, long-term awards and pension contributions.
FLASHING more documents on a big screen across from the jury box, Mr. Stillman moved on to discredit other testimony that Mr. Foss had given a day earlier, in which he said he never knew that executives were "grossing up" their bonuses -- or increasing them to make up for what they would pay in taxes -- one of the many ways prosecutors say the company was looted.
His gross salary, excluding stock and bonuses, is currently at 250,000 pounds ($408,900).
While many are criticizing the gross and wrong AIG taxpayer-funded bonuses of senior executives, the truth is that that kind of corruption is relatively small time -- even at $165 million -- and was predictable.
