4 ms·
Eh, executives seem pretty receptive to the idea of not cutting their own pay during uncertainty or a downturn[0]. My understanding is that retention bonuses a
by ahepp 6y ago
Eh, executives seem pretty receptive to the idea of not cutting their own pay during uncertainty or a downturn[0].
My understanding is that retention bonuses are the norm during bankruptcy. Of course, I understand the reason for that. But the reasoning is pretty clearly "we're betting on you not being mobile enough or irreplaceable enough".
Of course it is a bit cynical, and maybe some companies are acting different. But in general I think the cynicism is justified.
[0] https://on.ft.com/3rfL1n4 https://on.ft.com/3rfL1n4 (paywalled, but link bypasses)