Re:On eve of bankruptcy, US firms shower executives with bon...
by koheripbal on Saturday July 18, 2020 @03:27PM
(#23884086)
I don't think you understand how corporations work, fundamentally. The executives aren't the bosses - the shareholders are the bosses.
They aren't idiots paying the CO's exorbitant amounts for fun. They do it because they have no other alternative.
Only because we have a system where every company - you know, controlled by execs, and a board made up of execs or former execs from other companies - tell this tale.
We have to stop pretending C-level and VP-level people are special rare unicorns that are the only people who could possibly do this very difficult work. That's bullshit.
It's a self-perpetuating club that keeps voting itself the majority of the pie and keeps telling the myth that, by golly, that's the way it has to be or they just can't keep good talent.
If the majority of companies stop showering these assholes with bonuses they'll fucking stay put and be happy to have a job like the rest of us when times are hard.