WWTBAM Bored

Good News Employees are getting an EOY Bonus

Bad News: the bonus is illiquid, mortgage-backed securities.

http://clusterstock.alleyinsider.com/20 ... securities

I don't know if they got any bailout money from the Swiss government, but there have been news stories of US banks still paying out bonuses after getting US bailout money, which I think is outrageous.

Here's a better idea, cut the exec salary to $1 a year plus that type of incentive payments (if they have to pay minimum wage, I guess that would be okay).

The biggest laugh I've gotten is with those who continue to support those high salaries for these corporate execs. They say essentially how can you get people capable of getting those companies out of the mess they are in unless you continue to pay "market" prices to keep top talent.

This isn't a case of a company losing engineers or highly skilled professionals because they can't pay competitive wages. This is a case of companies possibly losing executives who did a crappy job to begin with. My guess is that you could cut every top executive salary at these troubled companies by half or more and still get bunches of mid-level execs or top execs at smaller firms eager to take a chance, especially if there were rewards for real success tied to them.

Two of our largest clients work for them.

I am preparing for this to have a trickle-down effect on us.