By Alison Doyle. Definition: Commission is a sum of money that is paid to an employee upon completion of a task, usually selling a certain amount of goods or services.Commission may be paid as percentage of the sale or as a flat dollar amount based on sales volume.Employers often use sales commissions as incentives to increase worker productivity.ommission may be paid as percentage of the sale or as a flat dollar amount based on sales volume. Employers often use sales commissions as incentives to increase worker productivity.
Bill Gross is a Portfolio Manager responsible for managing the Janus Global Unconstrained Bond Fund, and all related portfolios, and leading efforts to build out Janus' global macro fixed income capabilities.
The Bank of New York Mellon announced Monday that the CEO Gerald Hassell is retiring and stepping down immediately as CEO. Hassell will be replaced by Charles Scharf, the former CEO of Visa. Hassell began serving as BNY Mellonâs CEO in 2011. Prior to that, he served as president of the bank since the merger of The Bank of New York and Mellon Financial Corporation in 2007. Prior to the merger, Hassell served as president of The Bank of New York from 1998 to 2007.