Waffles On.. The Ecconomy.
Now I am no genius business person like Riggs, hell I barely understand how I have a job. However here is my take on the AIG bonus issue. I have been against corporate bonus payouts since their inception. All across the board these have been structured wrong. Basically it seems to my simple brain that CEO type people design these bonus ideas for other CEO type people. So obviously they have no real incentive to improve the company and basically are just there to make some people rich. If they do happen to have incentives like "If company makes x dollars you get y" then this just deflects the executives attention from what they should be focusing on: building a healthy company, to how they can line their own pockets with gold. I think this ends up leading to things like cutting staff so the numbers look better so they can reach their bonus number but leaves the company with disgruntled workers and unable to keep up with demand. I also think a lot of these golden parachutes really give people incentive to do a shitty job and get a big fat check. Business appears to be stupid to me. That is all.