Wednesday, February 04, 2009
Bonuses - for poor performance?
There's a lot of truth in this editorial.
Generally, in a capitalistic economy, companies make as much money as they can, pay their employees and their benefits, reinvest in their business, and pay bonuses out of their PROFITS.
That seems to imply: no PROFIT, no BONUS.
Obviously, something has gone drastically wrong...
Generally, in a capitalistic economy, companies make as much money as they can, pay their employees and their benefits, reinvest in their business, and pay bonuses out of their PROFITS.
That seems to imply: no PROFIT, no BONUS.
Obviously, something has gone drastically wrong...
This comes from an Investors Business Daily editorial:
"It's more than a bit scary when a powerful politician suggests that getting a bonus might get you prosecuted as a criminal. But that's where we are today. Welcome to the new world of post-bailout capitalism."
