Elk County Forum

General Category => Politics => Topic started by: Wilma on December 08, 2008, 10:16:43 AM

Title: Should CEO's get bonuses?
Post by: Wilma on December 08, 2008, 10:16:43 AM
This was a question on CNBC this morning and to me there is only one answer.  NO!!!!

Maybe if the company has a huge profit, has no debt and the stockholders get a good dividend, then, at the discretion of the stockholders, the CEO could have a bonus.
Title: Re: Should CEO's get bonuses?
Post by: Catwoman on December 08, 2008, 07:23:19 PM
In this economy, with so many people losing their jobs, no CEO should accept any bonus...it's too close to being blood money...if I were a CEO, I'd donate any bonus received to a food bank...and thank God that I was still employed.
Title: Re: Should CEO's get bonuses?
Post by: srkruzich on December 08, 2008, 07:55:21 PM
IF the person was hired and a bonus based on performance is part of his pay package, then yeah pay up.  Thats only right.
Title: Re: Should CEO's get bonuses?
Post by: Wilma on December 08, 2008, 08:15:41 PM
And if the bonus is based on performance and the performance is sending the company into bankruptcy, should he get the bonus?
Title: Re: Should CEO's get bonuses?
Post by: Catwoman on December 08, 2008, 08:27:11 PM
No way, nowhere, no how.  To accept that bonus is tatamount to stealing...it is amoral, unethical and unbelievably callous.
Title: Re: Should CEO's get bonuses?
Post by: srkruzich on December 08, 2008, 08:34:53 PM
IF the bonus is based on performance, then if he doesn't perform he doesn't get a bonus. 

Bonus's are not unethical.  Aquiring a bonus without meeting the conditions to get that bonus is.
Title: Re: Should CEO's get bonuses?
Post by: Catwoman on December 08, 2008, 09:05:52 PM
Quote from: srkruzich on December 08, 2008, 08:34:53 PM
IF the bonus is based on performance, then if he doesn't perform he doesn't get a bonus. 

Bonus's are not unethical.  Aquiring a bonus without meeting the conditions to get that bonus is.

Agreed!