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I once worked for a company which sold a division to another company. There were no retention bonuses paid to keep people -- except that, when the SEC documents were published, somewhere around half a million was actually paid in retention bonuses. It gradually leaked out that the entire amount was collared by the top two people in the division, who not only didn't pass any along, but didn't even tell anybody else there was money for retention bonuses. I personally know of several other instances of this behavior. This level of executive greed is now endemic in the entire corporate culture. Speaking only for myself, I noticed that my motivation to work those extra hours for the corporation declined after that episode. With each successive episode a further decline took place, until today I have a negative motivation to work for a corporation at all.
Toggle Commented Mar 29, 2009 on Populist Anger Made Simple at Obsidian Wings
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