I sit here listening to the Automakers in front of congress lay out their plan to return to profitability. In the proposals is a clause that states that management will not get a bonus in the next year. My question would be why is this considered a concession? Why would anyone think they should do anything else? Why would anyone expect to get a bonus when there company is hemorrhaging money? If your company does not make money, you should not get a bonus. I understand, it is not the fault of the individual, but that does not justify paying bonuses when you are on the verge of bankruptcy. I had years of not getting bonuses because my company was losing money. I learned to live with it. I have also had it where my company was profitable and the bonus was up for cutting because we did not meet the target number.
So I just find it funny that it is something that anyone think should not be done. Does anyone think that bonuses should be paid out in this situation?