The bonuses are based on performance and they’re still making a profit. Comnpanies are always looking to streamline and constantly looking at underperforming areas where business activity is not meeting their goals. Do you want them to stop paying bonuses every time people are laid off? For retailers who are constantly closing stores, that may mean never paying the execs a bonus. And paying bonuses to execs is part of their compensation and it’s based on how well they did throughout the year. They’re the ones who put in the long hours, they’re the ones who go home and probably still bring home their work. And frankly, it’s their business how much and whether they want to pay a bonus.
As I said, the media is out to create an anti business environment and it seems they’re winning.
The Fox new reported described the sales figures of Macy’s as ‘dismal’...it they want to receive bonuses instead of looking our for the financial well-being of their company...fine they are not bailed out so as a private company they can do as they please...just don’t think it is a good idea.