bonus [boh-nuhs]Using the word bonus to give out money when your company shows stageringly poor results is not using the word properly. Giving your cronnies a wad of cash that was given to you by the government is not a bonus, it's fraud. It can also be called imbezellement or if that word is too big for Mr. Lewis maybe he knows what stealing is? Ken Lewis, John Thain and the other top three execs that split 110 million in 'bonuses' need to go to jail. This is the culture of greed that led to the current economic problems and people need to be held accountable.
1. something given or paid over and above what is due.
2. a sum of money granted or given to an employee, a returned soldier, etc., in addition to regular pay, usually in appreciation for work done, length of service, accumulated favors, etc.
3. something free, as an extra dividend, given by a corporation to a purchaser of its
securities.
4. a premium paid for a loan, contract, etc.
5. something extra or additional given freely: Every purchaser of a pound of coffee received a box of cookies as a bonus.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4735329/Bank-of-America-chairman-Ken-Lewis-gets-subpoena-over-Merrill-Lynch-bonuses.html
No comments:
Post a Comment