This statement gives the impression that he was expecting a bonus as a matter of course. No discussion about whether or not he has earned a bonus in the first place (after all, the big snow hit Heathrow before the end of the year, so final numbers could hardly have been determined already). But more importantly, a bonus seems to have become an entitlement, and a very large one on top of that as the bonus often is larger - sometimes by multiples - than the base salary a senior executive - and above all the CEO - can expect to receive. We have suggested on numerous occasions that a bonus for Chief Executives and other senior managers should not be handed out. Firstly because it is very difficult to calculate what part of the overall success of a company is due to their efforts and secondly because it is a slap in the face for all the other employees who make a contribution to the enterprise. Top management should only be entitled to a company-wide bonus system (including perks) that is paid to all members of staff as a percentage of base salary.
23/12/2010
Last month, I blogged about the SEC’s recent focus on “AI Washing,” or the
practice of making potentially false and misleading statements about
artificial ...
16 hours ago
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