You can't avoid it. Even though I refuse to pay attention to the "news" there is no way to avoid hearing about AIG and the 165 Million....no wait....$230 Million in bonuses distributed to CEOs and other corporate big wigs even though oddly enough the company is failing. I guess that begs the question "what was written in those contracts that they as employees were expected to do to earn those bonuses?"
I've been in sales for a number of years and typically a bonus, like a commission, is a reward for meeting certain sales thresholds or increasing business. Same for management roles, which I've also held, where the expectation is increase production or finding ways to save the company money in order to see the likes of a bonus. For AIG, however, it seems if they simply put in their 40 hours a week, they got their bonuses.
Of course, while we've been hearing the word "BONUS" what AIG has explained is that the monies are for "retention" of employees. You see, in Corporate America, there are certain amounts of money a CEO can earn as a salary and they beat the system by contracting ridiculous amounts of money into "retention" bonuses above and beyond the salary. But, the fact remains the same, if those are the same employees who can't seem to run a profitable company, are they worth retaining?
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Their all nuts. Just remember honey... what goes around comes around. Just because they are taking huge amounts of money doesn't mean they are happy people.
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