Perhaps this belongs in the politic hate thread.. but I am not putting it there.. As I feel it fits equally well here.. and is rather apolitical
I was wondering what some other peoples thoughts are on this.. I am just curious if I am in the minority or the majority on this one..
Let me start off by saying I have worked a # of jobs where bonuses were a norm...
Where we all hoped the "numbers came in" or the company did well.. As our bonuses were dependent on them... If the company made billions.. We would get thousands.. All that said often I had absolutely nothing to directly do with the bottom line.. That said we were at the mercy of the company, the stock market, and really whatever factors came to play.. Hell if our CEO decided to nail an escort and found himself on the front page of all the papers and then fired.. and our stock tanked.. We might be outraged, but really.. What could we do? No bonus. Firm lost an assload...
So here is what I don't get.. There is all this talk about Executive Compensation and bonuses.. I would have thought these two things would be seperate.. One is your pay.. It's what guaranteed (as long as you have your job) and bonus.. It's what comes from both a job well done, and the company doing well.. Right?
I hear all kinds of people on one side of the spectrum supporting executives taking 7 and 8 figure bonuses in the face of their firm failing (possibly at their hands.. possibly somewhat on purpose (short term gains at the cost of long term... only?)
I don't see how this isn't considered an inflated sense of entitlement...
Now on the other end of the spectrum.. Social Security.. Even with what happened to my 401k.. I wish I could opt out of this system.. but I can't ...
every month thousands of my dollars (from myself and from my employer) go off to this mysterious general fund of funds... I am forced to pay for this savings account that isn't my own.. but if I get old or injured and dip into it I am lowlife scum with some sense of entitlement..
Or... The auto workers.. They put in their 20-30 years.. are retired now.. and we should pull the rug out of them.. They signed a deal.. put in the time.. and built a life around a specific set of rules.. Now we call them entitled... WTF? They had a contract.. They did their job... and years later... The rules change.... and now they were wrong all that time?
I am running out of time on this.. So I will cut this short for now..
Perhaps someone can explain to me how one side is ok.. the other isn't?
It seems to me that an old person who put in his time.. his life working.. putting HIS money away to a system is less a person with a sense of entitlement..
Than some bank or insurance executive.. Who bankrupted their company.. and is living on corporate welfare.. Yet expects the taxpayers to food the bill for them getting bonuses equal to 50 people or mores annual salaries..??
Last thing.. I am sitting at work..
I took a large paycut when I left the bank (laid off during a buyout... my job is now in India)...
Then I came here...
Less money.. Then a pay cut..
then an hour cut (on top of the pay cut..)
and then my wife got laid off... (and she was putting in 60-80 hours average for them..)
I'm still not complaining.. To be honest I am glad they cut our hours and pay rather than cut even more people... This will turn around ... things will go back (hopefully) and we are all in this together..
So.. if I took all these cuts.. for the most part without complaint...
Why are these executives whining about not getting multi million dollar bonuses? Where is their sense of shame? How can you cut major chunks of your workforce .. and then just ram the equivelent of dozens of peoples salaries and lives... in your pocket and not feel like crap...
and how is that not a sense of entitlement?
I guess I just don't understand
I'll try to clean this up a bit as soon as I get a moment.. Lost a third of my team due to all this crap.
I was wondering what some other peoples thoughts are on this.. I am just curious if I am in the minority or the majority on this one..
Let me start off by saying I have worked a # of jobs where bonuses were a norm...
Where we all hoped the "numbers came in" or the company did well.. As our bonuses were dependent on them... If the company made billions.. We would get thousands.. All that said often I had absolutely nothing to directly do with the bottom line.. That said we were at the mercy of the company, the stock market, and really whatever factors came to play.. Hell if our CEO decided to nail an escort and found himself on the front page of all the papers and then fired.. and our stock tanked.. We might be outraged, but really.. What could we do? No bonus. Firm lost an assload...
So here is what I don't get.. There is all this talk about Executive Compensation and bonuses.. I would have thought these two things would be seperate.. One is your pay.. It's what guaranteed (as long as you have your job) and bonus.. It's what comes from both a job well done, and the company doing well.. Right?
I hear all kinds of people on one side of the spectrum supporting executives taking 7 and 8 figure bonuses in the face of their firm failing (possibly at their hands.. possibly somewhat on purpose (short term gains at the cost of long term... only?)
I don't see how this isn't considered an inflated sense of entitlement...
Now on the other end of the spectrum.. Social Security.. Even with what happened to my 401k.. I wish I could opt out of this system.. but I can't ...
every month thousands of my dollars (from myself and from my employer) go off to this mysterious general fund of funds... I am forced to pay for this savings account that isn't my own.. but if I get old or injured and dip into it I am lowlife scum with some sense of entitlement..
Or... The auto workers.. They put in their 20-30 years.. are retired now.. and we should pull the rug out of them.. They signed a deal.. put in the time.. and built a life around a specific set of rules.. Now we call them entitled... WTF? They had a contract.. They did their job... and years later... The rules change.... and now they were wrong all that time?
I am running out of time on this.. So I will cut this short for now..
Perhaps someone can explain to me how one side is ok.. the other isn't?
It seems to me that an old person who put in his time.. his life working.. putting HIS money away to a system is less a person with a sense of entitlement..
Than some bank or insurance executive.. Who bankrupted their company.. and is living on corporate welfare.. Yet expects the taxpayers to food the bill for them getting bonuses equal to 50 people or mores annual salaries..??
Last thing.. I am sitting at work..
I took a large paycut when I left the bank (laid off during a buyout... my job is now in India)...
Then I came here...
Less money.. Then a pay cut..
then an hour cut (on top of the pay cut..)
and then my wife got laid off... (and she was putting in 60-80 hours average for them..)
I'm still not complaining.. To be honest I am glad they cut our hours and pay rather than cut even more people... This will turn around ... things will go back (hopefully) and we are all in this together..
So.. if I took all these cuts.. for the most part without complaint...
Why are these executives whining about not getting multi million dollar bonuses? Where is their sense of shame? How can you cut major chunks of your workforce .. and then just ram the equivelent of dozens of peoples salaries and lives... in your pocket and not feel like crap...
and how is that not a sense of entitlement?
I guess I just don't understand
I'll try to clean this up a bit as soon as I get a moment.. Lost a third of my team due to all this crap.