Central Illinois | Hillbilly beef man - 5/6/2016 07:35
I have no problem with CEO's getting a huge bonus when the company is doing well. What I do have a problem with is them getting them when the employees are asked to cut back. Case in point, a few years ago my company cut out paying for retirees insurance. The reason that the company gave was that they could not remain profitable and still pay for their insurance as it was costing the company $12 million a year. Two weeks after they cut this out the CEO got a $14 million bonus. I wonder where they got that money from? I realize that companies fall on hard times the same as farmers, but if I am asking my family and employees to cut back because I am not making much money, I am going to cut back as well.
Bonus's for CEOs should be paid on long term. Such as stock option of a company for a CEO can be cashed out 5 years after retirement. Thus forcing the CEO to try and leave a company better than he found it so that it grows after he leaves vs raiding it. |