And no employee expects a bonus unless its promised to him ahead of time for doing an exceptional job.
We have a big scandal down in Miami now where the school board wants to cut teacher's salaries because they can't afford to pay them what the contract with the teachers was negotiated for last year.
This was obviously some kind of dodge or other financial maneuver to avoid paying taxes, by postponing the payment and calling it a bonus, sort of like the "golden parachute" that departing executives get even if they're defenestrated for abysmal performance. Like stock options, it's probably designed to be able to sweeten compensation without raising the tax liability for the employee, and maybe the employer too. It certainly makes no sense from an incentive point of view.
It's outrageous and it's despicable, and it's prima facie evidence of the contempt these parasites have for people who aren't like them, and the way they take care of each other while they sell us fown the river. I guess you could call it a class act. The ruling class.
But, it's not illegal and it's up to the stockholders to put a stop to it, not the government. If we make them give it back, who's next, rock stars? Football players? Lottery winners?
Current Events » in reply to The employer may have a contractual obligation to include a bonus
No employer hands out a bonus before the job's even started.
The whole thread (24 posts)
- Bailout Banker's Baffling Bogus Bonus
- Retention bonuses
- I disagree. When you are on welfare, you don't pass out millions to executives.
- Lessee, the automakers had contracts too, with Unions. Had to re-negotiate them.
- The Dodd Amendment
- Bogus Explanation - Yea Yea Take The Money & Run
- Solution - The Special Financial Institution Bailout Bonus Tax Bracket!
- I hate that I agree with you
- The employer may have a contractual obligation to include a bonus
