One of the points he did sight was these Big CEO's of companies that sign contracts with a garanteed bonus. What I was complaining about was that he was blaming Ronald Regan and his push for small goverment. But goverment involvement is not the issue. It is greed and stupidity. It is the feeling of entitlement that these people have.
A Bonus is not something that should be garenteed. A Bonus is something you get for doing well. Something you get for improving buisness. But most of these companies that are giving these Bogus bonuses are in the Red as they would say. They are in debt. They live paycheck to paycheck. They not only live beyond thier means the splurge way beyond it. If I lived my life that way. I would have 6 car. 4 of them exotic sports cars and the other two of them would be $100,000 plus. I would have a 10,000 sq ft. house and eat like a king every night haveing my servants feed me. Basically I would be in debt not only up to my ears but I would be burried feet underneath it.
So what does this come down to? I am sure most of these buisnessmen are good at what they do. But do the decisions that they make warrent them a $10 mil. bonus? Can they make that same promise to the other people that they are making contracts with? Does the rest of the company see profits that are that much higher? Should not the normal Salary of these CEO's be suffecient? All these are Ethical questions. Are they getting paid what they are worth? Some I would say yes. Other, Especially the high profile ones, No!!! Why do I say "No". Because the companies that fired them did not make a profit. The CEO just found a loop hole. Some people might use the argument that it was in his contract and so he gets it no matter what. Well a bonus is by definitian "something in addition to what is expected or strictly due" So technically you cant sign for a bonus. You can only recieve a bonus for doing something well or right. On that same note. You cannot recieve a bonus for getting fired.
Buisness Ethics is what is missing not only in this country. But in this world. We need to hold back on this scence of entitlement. But not only in buisness, but also goverment. These higher ups not matter where they are, consider themselves better that you or me. I challenge them to do anything without the workers of this country. Bill Gates and Microsoft would be nothing without all the quality programmers that work for them on a much lower payscale. Car manufactures would not be able to proceed without the help of thier factory workers. Insurance companies would fail without thier secretaries and others that would be considered lowly in the mind of a arrogant richman.
We need to get rid of the idea of upping our station or earning more money. We should not feel entitled for a well paying job just because we finished college. You have to prove that you can be a productive member of society. You have to prove that you can better the position you are in. An education does not matter where you got it from if you cannot use it properly. You get paid for the work you do well, not for the schooling or history that you have.
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