Sales and Marketing Bonus Payments
We keep hearing that financial people on Wall Street earn HUGE bonuses in the millions because they work with complex derivatives.
We pay police, fire fighters, soldiers, teachers, and nuclear power plant operators a pittance in comparison. Wealthy sales and marketing folks are a lofty privileged class supported and promoted by their own kind at the great expense of the business and the economy. These derivative folks and these mortgage folks as well as an incompetent Congress created the current economic downturn so in my view they are not all entitled to the bonuses really smart people are entitled to.
What I understand from having worked in business over the years is that the people close to the money work very hard to pay themselves more and equally as hard to pay those that maneuver for them a lot less. The notion that hard work reaps great benefit is true to a point but there is probably a law of diminishing returns.
The bonus money these so-called experts receive are obscene. This problem cannot be fixed by Congress. It must be fixed by the corporations. There must be a corporate conscience. Can you imagine the success a company might have if they had the funds to pay everyone a living wage that were also hard at work everyday?
Every company I ever worked for based bonuses on my performance and in the off chance our sales were low bonuses were not paid or dramatically reduced in amount. The bonus was reasonable based on my management contributions and not excessive.
Corporate America has some soul searching to do.
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