Yes the following article is old it was posted in October of this year. But the material in it is not old it is still happening today.
Large Corps claim that in order to hold onto their CEO's they must give them incentive to stay and that incentive is in big bonuses. If you work for a small mom and pop store, or even a online store/business naturally if the business starts to fall short the first thing you do is look to the CEO to see if a replacement is in order. If you can't pay the bills, not one person gets paid. But this is not true with the Fortune 500. While they have big layoffs, and cut on spending within the company the very CEO's within the company get lavished with huge bonuses, and incentives to stay.
With Fannie Mae and Freddie this goes even further. They have huge layoffs lose millions and billions of dollars, they keep their CEO give them huge amounts of money in the millions, and then ask the Feds for a bailout. Yes this is happening again.
Is it fair to the American people to pay these companies to keep them afloat, while the company lavishes it's CEO's with millions? I don't think so. I believe if your not making the company money then you don't get the bonus, and you are fired. But Fannie and Freddie don't see it this way. They want the American public to foot the bill. But they also want to award their CEO even though their companies are in the red. Both companies say they have to pay out these bonuses, and our President said they the Government does not get involved into matters of how these companies pay their staff.
What do you think?