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dachryn | 2 years ago
There are always -short term (how did we do this year, the classic everyone gets) -long term (bonus defined today, paid out over a few years if you meet the strategic goals, typically director and exec level, we are easily talking 100k+/year here in bonus money)
bonusses. So, yeah, still a financial letdown for them. But they still got paid quite a lot of money of course. The average swiss person had no stakes or no culpability at all (except maybe choosing them, clients could have walkd away)
cableshaft|2 years ago
Like you can make $5 million a year now, but have things suddenly end on you at some point when things come crashing down, but probably not for several years, or you can make $1 million a year, but play it safe, and in five years get a $7 million long-term bonus.
Might as well get as much out of the company now and trust the government will bail you out (or not, what do they care, they can just move on to the next thing, and even if not, they've already made a shit ton of money, they could just retire, no big deal).
handsclean|2 years ago