Sunday, March 15, 2009

I don't think that word means what you think it does

BONUS -- a reward for good performance.

That's what I always thought it meant, in a work context. But clearly I am misinformed. AIG is awarding $100 million in bonuses to the executives in the business unit that brought the company to the brink of collapse this year. AIG got billions in bailout funds from the federal government so they could stay afloat. So what performance are they rewarding with these bonuses? Why aren't they firing the losers? Why a bonus? If they have an extra $100 million floating around, why not use it to pay back a small fraction of the taxpayer's money?

How clueless can you be, and run a multi-national corporation??

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