The Entitlement Society 0
Too much is not enough.
In Germany, a bank goes under and gets taken over by another bank. The new bank decides not the reward employees of the failed bank for their failure with bonuses.
Now bankers from the failed bank are suing for their bonuses.
Dresdner “was entitled to take the actions it did in relation to Dresdner Kleinwort employees’ discretionary bonuses in light of the market deterioration in the investment bank’s performance,” according to a spokesman at Commerzbank, who declined to be identified citing company policy. “The bank will be defending any claims vigorously in the courts.”
You can’t make this stuff up.
