Aren’t Bonuses Supposed to be Based on Performance?

August 12th, 2009

MoneyAccording to the New York Attorney General, three major banks paid out nearly $18 billion in bonuses, yet only managed to drum up $9.6 billion in revenue. That’s revenue, not profit. They gave bonuses worth almost twice their total income. Seems pretty absurd to me.

Link: http://consumerist.com/…

Leave a Reply

 [login]

HTML: You can use these tags.

Please answer this simple math question: * Time limit is exhausted. Please reload the CAPTCHA.