Capitalism Evolving? Devolving? Something
Maybe I'm just getting to old. What is “contractual obligation” for failure?
And what's the opposite? For success? AIG, BA, C, etc, etc, bonus's paid for abject failure to the public, shareholders, the country or, is it Capitalism at it purist?
Everybody for themselves. The boss (es) are getting big ones everybody else might as well get it too. The success of the business is secondary.
The Mantra is “we have to pay it to retain the top talent.” This is talent? Incompetence is Talent? Getting the bonus when you're a greedy slimeball buffoon is talent.
Based on rewarding the incompetent and corrupt and insatiably greedy Madoff should get the biggest bonus of all.