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"Our pay structure is linked to performance.
In the case of Abundance, the investment is linked to performance, rather than the more traditional fixed-return bonds.
Some labor unions, and the state retirement system in Connecticut, are proposing to use pay-for-performance measures, real ones, to make sure pay is linked to performance.
He added at a press conference: "They need to do a better job – as everybody has – about explaining how pay is linked to performance".
Traditionally, fund manager pay is linked to performance against a particular target or benchmark – such as beating the FTSE All Share index by 1% or 2%.
Ofwat published new rules earlier this month that force firms to explain how executive pay is linked to performance and to prioritise customers' interests.
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Barry Bonds, Roger Clemens, Rafael Palmeiro and Sammy Sosa have been linked to performance enhancers, so their candidacies for the Hall will be muddied.
Why did the committee ever imagine bonuses might be linked to performance?
"Excess is out of fashion," Mr. Obama added, noting that pay must be linked to performance.
Mr. McCain proposes that hospital and doctor compensation be linked to performance measures.
If pay is truly to be linked to performance, it's not enough to deliver rewards when results are good.
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