1995: How do you charge managers for the incremental capital they employ?
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AUDIENCE MEMBER: I’m Jim Vardaman (PH) from Jackson, Mississippi. In describing the — your allocation of capital to your wholly-owned subsidiaries, you wrote in the annual report that, quote, you “charge managers a high rate for incremental capital they employ and credit them at an equally high rate for capital they release,” end quote.
1995: How do you charge managers for the incremental capital they employ?
1995: How do you charge managers for the…
1995: How do you charge managers for the incremental capital they employ?
AUDIENCE MEMBER: I’m Jim Vardaman (PH) from Jackson, Mississippi. In describing the — your allocation of capital to your wholly-owned subsidiaries, you wrote in the annual report that, quote, you “charge managers a high rate for incremental capital they employ and credit them at an equally high rate for capital they release,” end quote.