Today, in the financial world, many bonuses are not gifts but a part of salary. The term 'bonus'in these situations is a complete misnomer. Nevertheless, Paul Krugman writes a wonderful Op-Ed in the NY Times on Goldman Sachs doing business as usual. You might find it interesting to read the whole article, but since some of you won't, here is a partial quote: "First, it tells us that Goldman is very good at what it does. Unfortunately, what it does is bad for America.
Second, it shows that Wall Street’s bad habits — above all, the system of compensation that helped cause the financial crisis — have not gone away.
Third, it shows that by rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely."
Once again, the discrepancy between the obscene bonuses of the CEOs and top executives should not be labeled the same as the grunts that help the businesses really survive. They get salaries that are called bonuses.
Additional reimbursement may come in the form of an incentive and may not be in the form of money. For example, some of us are old enough to remember the free glass with a tankful of gas and many other similar ways to draw people in as customers.
But one of the most frightening comes out of Kansas. Lest we forget the love affair many have with guns, there are armed militias in this country made of US terrorist citizens. Yet, we keep allowing them to obtain weapons to run a revolution against the government.
When will be have businesses be less deceiving in their recruitment of staff, or incentives given to their customer base? Let's hope it comes soon!
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