Tuesday, March 24, 2009

Bonuses and Bailouts: Perspective

Wow--my email box is full of get rich schemes and take advantage of the bail-out money schemes. Everyone seems to have an angle these days to get rich quick. Well, they definitely are behind the corporate executives who profited from the bail-out.

I am amazed that people have so much time to sit and figure out out to profit form other's agony. It is a crime. Almost like executives accepting huge bonuses while others in the company and near them are losing their jobs.

What has happened?

Where has the idea that hard work is reward enough? I cannot fathom a $1,000,000.00 (just so you could see it more clearly) BONUS! What did they accomplish? Drove the company into bankruptcy and requiring a federal bail out. Good job. What kind of bonus do they expect when they actually are successful?

I don't get bonuses!

But I get satisfaction from what I do. I'm still "jazzed" about going to work every day. I believe what I do is important.

My view:

The problem with corporate America today is mercenaries. The leaders of the companies don't care about the long-term health and competitive advantage of the company--just this year's bonus. They move from company to company with no intention of sticking around to see if their wild ideas actually work. Our companies are not reinvesting in infrastructure to keep them competitive. They are sucking off the reinvestment monies to pay bonuses to executives so they can live in a lifestyle that is reminiscent of feudal lords.

When did this problem really begin to materialize? When loyalty to the workers went away. That's when corporate leadership became totally mercenary because suddenly the companies were faceless.

People--we've lost it as a society. We are missing the point.

Now I'm not saying that we shouldn't live comfortable. I love living comfortable and I thank God for the blessings he has given me. But people there is a point where loving the money and material is going to cause the entire system to crumble. Maybe it has!

How do we turn it around? Curb our appetite for greediness and excess. Force corporate executives to realize they are a big part of the problem.

If the President of the United States can live on $400,000.00 per year--who needs more?

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