President Obama’s broadside against Wall Street Greed got us thinking – where are our bonuses? Where are the bonuses for the firegfighters and the nurses and the educators and the scientists and everyone else who, surveys say, are really doing the work that we think matters most? Why didn’t the government see that executives from the same firms who were lapping up rescue funds from the public bowl were about to buy themselves new houses in the Hamptons? We know, we know, the midlevel workers at the big financial firms rely on bonuses, too. But isn’t the bonus system part of the problem? Would we be in the mess that we’re in if certain seven-figure someones hadn’t been goaded into taking bigger and bigger risks to maximize returns? What do labor leaders have to say about all of this?
Tags: bonuses, executive compensation, labor, union