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Exact(4)
Recording artists have been warring with record labels for a few years over sharing a dwindling pool of profits.
That 45-cent figure, known as the payout ratio, represents the amount of compensation that Goldman is meting out relative to the pool of profits available for compensation.
Perhaps the market has reached saturation or the available pool of profits has shifted.
No corporation in the world books this big a pool of profits, but the market wisely focuses on growth rates and incremental cash flow momentum.
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In a note, Modoff writes: "Increasingly, the smartphone vendors are claiming more of the industry's profit dollars even as the pool of profitability stabilizes or shrinks".
For a start, there is no common tax base in a common currency across countries, so there is no coherent pool of taxable profits to allocate by such a formula.
But looking at the online portals to which employers direct their employees today, it appears they are being herded like sheep into the kind of misleading recruiting process aimed at the general pool of for-profit college recruits, without regard to their employer's need.
"The notion that there is a large pool of untaxed corporate profits is incorrect".
The company, led by CEO John Fawcett, is hoping to eventually open its platform to all investors so that anyone with the right performance track record will be able to manage a part of a central pool of capital – and profit from the returns.
Liquid Markets layers another 1% fee atop all these and also gets its own incentive fee: 5% of the pool's profits, if those profits top 8%.
Liquid Markets layers another 1% fee atop all these and also gets its own incentive fee: 5% of the pool's profits, if they top 8%.
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