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Progressive also made no announcement about its pricing method.
There is also a pricing method called TCIF – target cost incentive fee.
Rio and other iron ore producers then introduced a quarterly iron ore pricing method that the Chinese authorities did not like.
Last July, Winston & Strawn exonerated ChevronTexaco of accusations raised by two accounting professors that it had cheated federal and state coffers out of $3.25 billion in taxes, including $536 million to Hawaii, through a complex pricing method over 30 years involving a project in Indonesia.
C1 S. & P. to Alter Pricing Method The Standard & Poor's Corporation, worried over unreliable pricing of some Nasdaq stocks, is planning to announce that it will start using American Stock Exchange closing prices for those stocks for its S.& P. 500 stock index.
And, say Messrs Schwartz and Steil, even when trading costs are measured, the widely used "volume weighted average pricing" method misses the damage done by soft commissions.Ideally, fund managers should be forced to bear the costs of research and other services themselves, and it should be reflected in their fees.
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I think us being more thoughtful about pricing methods is something we should be doing.
FT Interactive, whose pricing service is widely used, has defended its pricing methods in response to questions about the case.
The Smeed report of 1964, which Thomson drafted, argued in favour of the development of pricing methods.
Still, compensation specialists say that bottom-of-the-trough pricing methods raise troubling questions about disclosure practices, including potential backdating.
Ms. Burton said Oracle had recently improved its pricing methods, but still had work to do to improve its credibility with customers.
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