Variants Due To Inflation
One problem with the Lehman Formula is inflation. A five million dollar deal was significant when the formula was designed in the 1960s, but today it is small. However, rather than indexing the formula for inflation, most investment services ended up making adjustments to the formula to provide fee protection for the first few million dollars of transaction value.
Read more about this topic: Lehman Scale
Famous quotes containing the words variants and/or due:
“Nationalist pride, like other variants of pride, can be a substitute for self-respect.”
—Eric Hoffer (1902–1983)
“... many of the things which we deplore, the prevalence of tuberculosis, the mounting record of crime in certain sections of the country, are not due just to lack of education and to physical differences, but are due in great part to the basic fact of segregation which we have set up in this country and which warps and twists the lives not only of our Negro population, but sometimes of foreign born or even of religious groups.”
—Eleanor Roosevelt (1884–1962)