By Steve Miller, includes “You won’t find the word 'bonus' in the financial statements of the state of Texas. … Dropping oil prices have unexpectedly put the state in a bad spot, he said, and 'paying bonuses to state employees based on the [state’s] ability to make money in good times is reflective of an overconfidence at the state level.' … As chief investment officer of the Teacher Retirement System of Texas, Britt Harris, once chief executive of powerhouse investment firm Bridgewater Associates, received $349,827 in bonus payments in 2016 on top of his annual salary of $551,250.”
Read the full article on: The Texas Tribune