The NYTimes today has a piece about corporate bonuses and the legacy in American business. Despite the furor of today, this mess has a long history and what looks to to a lengthy future.
The payments, in the form of cash, stock or both, are expected to be made over the next few years, in some cases regardless of how the executives or their companies perform.At least one resigning executive said he was no longer going to do work for which he was not being paid. What he meant was someone took away his million dollar bonus for running a company into the ground.
Peace.
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2 comments:
The slickest thing the right wing ever did was to call national responsibilities (such as taking care of our elder citizens, too old to work) "entitlements".
It's good to see, for once, "entitlement" used in its proper context.
us in the usa,
Here where I work we use the word in its proper context at regular intervals. Thank goodness for mostly liberal co-workers these days. They keep me alive and well.
Peace, Jerry
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