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How come there are sooo many examples of top level execs, Fat Cats, getting bonuses and compensation from making bad decisions?
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Good at negotiating their contracts/wage agreements. Just like th eprivate sector, when you come up for review and are looking for a $5,000 raise, the co. says no way $3000 is all. You negotiate till something owrks out for both. Legal contracts are binding unfortunately. Most times theyre great, everyone wins. Other times, like when the economy crashes, the co. is losing money, and the bonuses still must be paid per the agreement.
Tai
Excellent poiint. We have Firefighters in Boston, DISPATCHERS to be exact, who get hazard pay. HAZARD pay. Because they are on the clock, and if need be, COULD respond to an emergency, IF NEEDED to. So they are on full hazard pay. Which is quite a substantial difference in hourly pay, shift differentials, OENSION, etc.