One argument for big bonuses is that the executives work hard for it and earn it fair and square. It is true that some of these executives spend enormous amount of time (up to 10 to 14 hours a day, according the AIG executive under the spotlight here). But, do long hours and hard work automatically make us “those who deserve the best in life,” as Tracy Chapman puts it?
I have met taxi drivers in Singapore who ply the streets hour after owl-shift hour before they can break even. Apparently the rentals the cabbies have to pay are quite high, and they end up working consistently longer than most executives. Farther beyond our moral horizon, human slum dogs forage garbage dumps for scraps they can eat or sell. Back-breaking labour, I imagine. Long hours, terrible working conditions, and hard-hard work — but no bonus.
It looks to me as though hard work has very little correlation with what one is entitled to. We have to look elsewhere to find justifications to what we consider our due.
- Bonus Plans of Mice and Men
- Hard Work
- Talent and Intelligence
- Talent Retention
- Profit Sharing
- Slippery Slopes