Wow – this is nice work if you can get it.  I have heard about participation trophies going to children who compete in athletic contests and lose, but the Regents of the University if California have taken the concept too far when they award bonuses for losing money on investments.  Randy Diamond of Pensions and Investments reports: The University of California Regents approved an $841,096 bonus for Jagdeep Singh Bachher, chief investment officer and vice president for the fiscal year ended June 30, according to a posting of regents' actions from its Nov. 16-17 meeting, on the UC website. Mr. Bachher was paid a salary of $632,380. With the bonus, his total compensation amounted to $1.47 million. For the prior fiscal year, Mr. Bachher received a bonus of $874,838 on top of $615,000 salary, for a total compensation of $1.49 million. So he had a bad year and has to subsist on a mill and a half.  I sure hope his kids aren’t going...(Read Full Post)