Any operators in the industrials space (or not, all inputs appreciated) can talk about how often their on target bonus is hit? Is this typically a number you hit only sometimes or is it more of an average? How strongly does it correlate with EBITDA?

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If part of the management / executive team, 80%+ will be tied to EBITDA

I spent 4 years on the ELT of an industrials portco
- year 1 - 150% target
- year 2 - 150%
- year 3 - 25%
- year 4 - 15%

It will be completely dependent on company performance so do your DD. See it all the time where people aren’t paid target

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15% is wild. I’m ELT minus 1, so it might be slightly more performance driven. Rough though.

A struggling portco is a special type of hell. Trust me

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