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Hmm, I hate this concept of "bonuses" because in my experience this isn't really how things work. However, I do think the incentives internally probably were s
by gkoberger 6y ago
Hmm, I hate this concept of "bonuses" because in my experience this isn't really how things work.
However, I do think the incentives internally probably were structured in a way to encourage this change, and I doubt anyone is being seen as being "more successful" due to a rollback.
- deleted 6y ago[deleted]
- mnd999 6y agoYou put that much more eloquently than I did.
- 411111111111111 6y ago> Hmm, I hate this concept of "bonuses" because in my experience this isn't really how things work. You're right. They're going to pay themselves the bonus regardless of this debacle.
- kortilla 6y agoPlease explain to me the process by which executives decide their own bonus.
- kingaillas 6y agoThere are directors/executives that sit on compensation committees that also wind up deciding their own pay. And if you decide your own pay it isn't much of a leap to also decide bonus amounts and criteria. Here's an article from Harvard Law Review about a lawsuit over this - you might be interested in the paragraphs in the "Shareholder Waivers" section: https://corpgov.law.harvard.edu/2019/09/18/setting-directors-pay-under-delaware-law/ https://corpgov.law.harvard.edu/2019/09/18/setting-directors... Some quotes: waive a shareholder’s right to sue the directors for violating their duty of loyalty regarding setting their own pay and For directors setting their own pay, the ruling suggested that a blanket waiver etc.
- derptron 6y agoWhat don't you understand? You changed the word bonuses to incentives.