19
What So Wrong With Big Bonuses…
Yep. Time for a rant…
My last rant was over the unjust treatment of Lewis in the F1… and the favoured treatment of a team in red… although I am not quite over that 
its a case of something bigger is starting to really get my goat…
…something a bit more serious and a bit more of a touch point in everyones life. Now, I admit I am no expert on the subject of global economics… but boy can I see injustice when it rears its ugly head.
The ‘Bonus Culture’ of the city boys and girls who have thrown our economy into a downward spiral of panic and mistrust through years of short term vision and greed… and still expect to get paid vast amounts of bonus for being complete idiots and failures.
It has just cost the US tax payer 760 billion to bail out a floundering banking system over the other side of the pond… and will probably be about 100 billion + over here. OK, intervention may be needed to stabilise the banking system and get the buggers lending to each other again. Liquidity is the word being bandied around… But do I want to own shares (through the government, as a tax payer) in a company that still rewards numpties for loosing shit loads of money… No, I bloody don’t.
They have had it too good for too long. They own enough property and cars… and I see no value in buying them another bloody rolex. So why can’t the government (major share owner) say… actually guys you screwed up… no bonus this year. Turn it around… build long term substainable growth possibilities… and we will see about a bonus next year.. eh boys?
Now you would argue that to keep the best you have to pay the best. True enough… makes perfect sense… But I do not and will not ever pay a bonus to any staff member if the constantly screw up. Let along say to people who have plummeted the world into global recession by handing out 10% of the tax payers money… 10 % (70 Billion US Dollars for Wall Street monkeys) just in time for xmas. Nice!
And another thing…
Hedge funds should be banished. De-stabling’s a company when they are going through a tough time it the equivalent of being kicked in the nuts. You wouldn’t do it to someone on the street… so why in business.. there has to be a better way. Every company goes through periods of uncertainty. Its support they need. Not vultures.
Shoot the vultures. Stop the greed. Have some ethics and morality about you… Have a bit of backbone. If you got a big bonus then give it back… Whatever… Just stop beings so bloody grabby.
Mark