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dachryn | 2 years ago

the execs definitely miss out on a lot of money because bonus programs are typically multi year.

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)

discuss

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cableshaft|2 years ago

But they've already made out like bandits in the meantime, and can move on to the next company to raid (I mean, be an executive of).

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

In my country it’s not illegal when you punch somebody in the face, but we have another deterrent that works very well. If you punch somebody in the face, then he pulls out his wallet and gives you $50, then presents his face for you to punch again if you’d like. Once you stop punching, he gives you $100. So you see, assailants quickly learn that face punching is an action of grave consequence and loss, and the fact that everybody here is punching each other in the face all the time is probably because of something else.