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Guest commentary: Criticism of Investment Board pay off-base

5:31 PM, Aug. 31, 2013
Cook
Cook
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The Green Bay Press-Gazette reported earlier about the salaries and bonuses of some of the managers of the State of Wisconsin Investment Board. A recent letter to the editor criticized the amount of those payments and in doing so misconstrued the nature of our state pension system.

First, the managers of SWIB are compensated on the same basis as the managers of any other managed mutual fund, because that is what the Wisconsin Retirement System is. If they were compensated at a rate less than the industry standard there would be a revolving door for those managers with only the least competent ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

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