When a business goes into Chapter 11 Reorganization, its executives still deserve reasonable salaries while the company rebounds and restructures. Bonuses are another matter. Bonuses should be given when an organziation meets its financial and marketing targets. Being in a Chapter 11probably does not justify receiving bonuses at the executive level especially since part of the restructuring probably entails closures and layoffs of employees who would never see a fraction of those bonus amounts in their lifetimes. It is another example of the callousness and obsecene attitudes of the one percent.
https://www.cnbc.com/2017/12/06/judge-approves-toys-r-us-bonus-plan-to-spur-holiday-shopping.html
No comments:
Post a Comment