[dino_bobba_renno]

Lemmy Lemmy:

raydan raydan:

If management gets a bonus when the company makes big bucks, shouldn't they have to give some back when the company loses money?

Should shareholders too?

I think the share holders all ready do via drop in their share prices, a concept most investors have become painfully familiar with in the last few years

[andyt]

raydan raydan:

Lemmy Lemmy:

But wages are revenue neutral. Whether the company's losing money isn't relevent to workers' pay. It works the other way around too. When a company is making massive profits, that's none of the workers' business either. That money should be divided up between management and ownership. Unions giving wage concessions to struggling companies makes no economic sense. Profit sharing with employees, likewise, makes no economic sense.

If management gets a bonus when the company makes big bucks, shouldn't they have to give some back when the company loses money?

That's been my point too, but OTI can't seem to grasp it. When companies do well, upper management takes the credit and gets the rewards. When they do poorly they blame the workers for getting too much money or other outside conditions. (Just as politicians do). If management gets performance bonuses, they should get negative performance bonuses when the company loses money.

[OnTheIce]

andyt andyt:

raydan raydan:

Lemmy Lemmy:

But wages are revenue neutral. Whether the company's losing money isn't relevent to workers' pay. It works the other way around too. When a company is making massive profits, that's none of the workers' business either. That money should be divided up between management and ownership. Unions giving wage concessions to struggling companies makes no economic sense. Profit sharing with employees, likewise, makes no economic sense.

If management gets a bonus when the company makes big bucks, shouldn't they have to give some back when the company loses money?

That's been my point too, but OTI can't seem to grasp it. When companies do well, upper management takes the credit and gets the rewards. When they do poorly they blame the workers for getting too much money or other outside conditions. (Just as politicians do). If management gets performance bonuses, they should get negative performance bonuses when the company loses money.

What you fail to acknowledge is that while a business may have lost money, often due to situations out of their control, they may have made decisions that prevented the company from losing millions more.

Keep that in mind.

[andyt]

When employees are asked to take a cut management should have to take the same proportional cut.

[OnTheIce]

andyt andyt:

When employees are asked to take a cut management should have to take the same proportional cut.

No, they don't.

You have to stop thinking that managers, CEO's and workers are on a level playing field.

They're not.

In this particular case, nobody is asking them to cut. They're offering more....but it's not enough.

[Nuggie77]

The pilots union was just given a "Take it or Leave it" offer due to expire 12 Mar 12. Glad I'm not going anywhere on Air Canada!!

[andyt]

OnTheIce OnTheIce:

You have to stop thinking that managers, CEO's and workers are on a level playing field.

They're not.

No argument there.