Correct me if I’m wrong but aren’t bonuses tied to performance? When your company experiences such massive losses that it needs huge government infusions to keep operating, explain to me how a bonus is justified. Explain why they’re contractually obligated when the business has performed so poorly. It doesn’t make any sense.
What is it with all these companies in different industries asking for a bailout? Seriously, the other day I read some report about the porn industry asking for a bailout. It’s just getting ridiculous. A business should be run in a way to handle downturns, otherwise you get replaced by a more competent competitor. It seems the fashionable thing to do these days is to just ask for a government bailout when times get tough.