Quote:
Originally Posted by StuartD
I think the bonuses are just contractual bonuses. We, average people, think of bonuses as a reward for a job well done, but at the CEO level of those companies, that's not how they think of them. To them it's just another way of receiving a portion of their pay.
Obama's team is looking into how they can block or recoup that money but I don't think they can. It's in their contracts, they are legally entitled to it.
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So unions need to renegotiate their binding contracts at every market fluctuation but CEO bonuses are untouchable?
This 'bonus culture' that has developed among executives at large corporations is nothing more than theivery, especially now that their companies are so mismanged that they're using public funds to bail them out.