Pay for Performance (Updated) 1
Look!
Over at Google.
Some executives got bonuses and
they. did. not. even. destroy. the. company. and . demand. a. bailout!
Who woulda thunk!
Note the the largest bonus Google gave out would likely just barely be enough to redecorate a Wall Street banker’s Pavilion of Necessity.
No doubt, with such paltry bonuses, really no more than plastic beads, all these folks will be fleeing to Manhattan where the really big bonuses are given out.
First, though, they shall have to learn how to lose money and destroy companies.
Addendum, the next morning:
And look again: The Google Bonuses actually went down this year.
March 4, 2009 at 7:17 pm
I’m all for pay for performance. I think congress should be the first entity to adopt it. If they do, they’ll be paying us.