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Should congress pass a bill to forbid bonuses to CEOs and Executives?
of companies receiving federal bailout money? There is such a bill pending in the Senate right now. Should we write our Senators and Representatives to support such an effort? Or do the companies really have a point when they say they need those bonuses to keep qualified employees?
4 Answers
- Anonymous1 decade agoFavorite Answer
Should they get a bonus? NO!
In fact, if the reason they need government help is because they made bad decisions then they should be removed from the position.
- happygirlLv 61 decade ago
Yes, unless they are based on profit generated by that particular individual.
They should forgo that when there is a negative balance sheet.
Or like you said, when using bailout money.
I am sure they have plenty of qualified currently unemployed people that would work for a CEO or Exec. salary no bonus.
The retention bonuses are a bunch of baloney.
- 1 decade ago
Yes and you should also start petitioning the SEC to change rules of executive compensation packages. http://www.sec.gov/contact.shtml
It is quite ridiculous and getting extremely old hearing about their vacation packages and bonuses. These companies should be boycotted and picketed. Too bad I live so far from NYC or I'd go there myself.
- Anonymous1 decade ago
Sure why not.
