And the absurdity continues – The executives who run companies into the ground continue to get rewards “retention” bonuses and the rest of us get laid-off. In the fine tradition of AIG rewarding the brainiacs who led us all into this global economic meltdown, the geniuses who took Nortel from $250 billion market cap to $65 million market cap and bankruptcy are being rewarded with “retention” bonuses of 30 million dollars. With performance like that, why they are being retained for any reason?
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At least the Nortel “retention” bonuses are not being funded by my tax dollars (yet).
Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedIn, Facebook, and Twitter. Email the Bach Seat here.