Quote:
Originally Posted by Derwood
you misunderstand me (or are creating strawmen, you tell me). I'm not suggesting CEO's and janitors get paid the same. I'm suggesting that paying out bonuses to 16 executives at Circuit City as a reward for running the company into the ground makes no sense to me. Frankly, none of them should get bonuses.
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I don't know the circumstances of Circuit City's problems, but what if there were circumstances outside of the control of the executives who got the bonuses but they managed the company above what would have been reasonably expected? what if these executives had contracts? What if the bonuses were for people to stay long enough for an orderly liquidation? I would also think that a bankruptcy judge looked at the compensation and ruled on if the bonuses were appropriate. All I know is that I did not shop at Circuit City, did not invest in circuit City, did not work at Circuit City and don't consider it my business what they paid their people.