State investment board hands out $11.1 million in bonuses
MADISON, Wis. (AP) - The board that handles investments for the state's pension fund has approved $11.1 million in bonuses for staff members who helped produce strong returns.
State of Wisconsin Investment Board trustees finalized the awards on Wednesday and announced them on Friday. The bonuses were spread among 150 staffers, including managers, accountants and analysts for their work helping generate $1.2 billion above return goals and costs over the last five years.
Chuck Carpenter, a managing director, got the largest bonus at $468,300. David Villa was second at $441,900. Todd Ludgate, another managing director, was third with $400,500.
The total bonus amount was down 9.2 percent from the previous year based on a flatter performance in the Core Fund, the main source of public pensions.