Isn’t the point of a bonus to reward an employee for doing a better than average job and to reward employees when their company is doing well?
What have the employees at these failed companies done to deserve a bonus? A person isn’t guaranteed a bonus even if they did do a stellar job if the company is losing money.
I don’t understand how these companies, that would have collapsed had they not received taxpayer money, can justify giving bonuses this year.
Bonuses are [b]earned[/b].
Agreed. Just because a company is failing doesn’t mean there aren’t some great employees. I have experienced this first had two different times.
If there are employees the company wants to retain, they should be able to retain them. Call it a retension bonus if you would like. I have seen this done successfully as well. Unfortunately in one case it was far too late.
We are all investors in these complanies whether we like it or not. I personally hate the idea but that is where we are at. If there is any chance of getting even a portion of the money back, I would like to see this done.
If you think the money is lost and we will get none of it back, then who cares if they pay bonuses? We are not just talking about executives here. Base plus bonus is a very commone practice in the finanacial markets.
I definately got what I wanted out of this thread and you all have provided very valid points. My point is that I trust a failed bank to make better decisions than Waxman and the rest of the intelligencia in Washington. Sad really, but I think gov’t involvement in how the money is spent will almost insure further catastrophy.