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A comment on Effect of economic crisis on America’s small businesses [slides]. Parent comment
When times are good, these companies divvy up the profits to give large bonuses.
When times are bad, they divvy up the bailout money to give smaller bonuses.
It certainly seems like there is no connection between compensation and performance once you are too big to fail.
And there is a very convenient "heads I win, tails you lose" structure in favor of the large companies.
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When times are good, these companies divvy up the profits to give large bonuses.
When times are bad, they divvy up the bailout money to give smaller bonuses.
It certainly seems like there is no connection between compensation and performance once you are too big to fail.
And there is a very convenient "heads I win, tails you lose" structure in favor of the large companies.