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jemroc

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This was the first Congressional hearing I've ever watched. I'm curious, is it standard practice at these type of things to respond in a way that completely dodges the original question? I don't think I heard a single straight answer from either Jerry Yang or Michael Callahan the entire time.

The Equity Equation 19 years ago

I guess I'm the only dumb one here. Can someone explain to me how he came up with the 1.5 as a multiplier for the new hire's salary? Also the part where he talks about making a 50% "profit" on the new hire and then proceeds to subtract a third from 16.7%. Why 50% and why 1/3? How did he come up with those numbers? Please enlighten me.