At what point in time did this country start rewarding bad behavior? When did we decide that failure was an option?
I came across this article from The Hill in which they describe AIG executives approaching some 370 employees to either give up or reduce their bonuses, to which, the employees responded with a resounding no.
Through empathy, I can understand the employee point. You have been given something in the past without condition and you begin to expect that same something, regardless of present conditions. And, if there’s a contract, well then, pay up sucker!
Rats that navigate mazes get a reward at the end of the experiment and get irritable when they don’t get what they expect. Just as in the lab, these rats at AIG had been given the same thing year in and year out and weren’t going to give that up without a fight. Therefore, it should have been crystal clear that, based on their performance, they weren’t getting a dime. Instead, management, and the government, pussy footed around the issue. There were no conditions placed, no understandings, no “this is how it is and you will like it or leave.” Instead, they fixed their contracts to insure that they received the same bonuses as 2007 regardless of the companies condition. They didn’t care about their employer, or their country, or the world. Nope, they were looking out for #1. Remember, if AIG had gone under, these rats wouldn’t have gotten a dime. As far as I’m concerned, the government owns 80% of the company, they’re government employees. If giving them a bonus is so important, then give them whatever a government employee would get at year end. Even then, they don’t deserve it. On top of that (spontaneous combustion alert), most of them don’t even need it!
I personally have worked for companies who have given me a year end bonus. I promise you, I never received a multi-million dollar bonus. It was more like a multi-ten dollar bonus. Maybe a multi-hundred if I was lucky, and even then, it was in the low multi-hundreds. My point is, I understood that my bonus was predicated on the condition that the company could afford it and that I did a good job that year. AIG can’t afford it and these “professionals” brought the world economy to its knees. Therefore, I can safely say that they did a bad job! Quite simply, they should never have created a situation where these people became entitled to something they did not earn.
They failed and that should never be rewarded.