this post was submitted on 19 Apr 2024
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That comes out to abnout $87,000 per employee. I'm sure those lower pay scale employees who really appreciated that were happy to get...oh, wait. What's that? Of that amount, a total of $11,276,700 was handed out as bonuses to BDCβs top 10 executives. of course, give money to those that least need it. Yay capitalism.
Is that a problem? $11M out of a pool of $250M doesn't seem ridiculous. That still leaves over $80,000 per employee.
I think $1 million bonuses are unconscionable.
Also, $11 million to the top 10 vampires. It's not like from that point on it was all shared equally. I wonder what was left after the rest of the worthless executives got their blood money. Nope, shit like that is always in favor of further wealth distribution from the lowers.
Isn't that more of a general corrupt government thing as opposed to a capitalism thing?
No, it's a capitalism thing, because the same thing happens in private industry with depressing regularity: labour actually delivers the value, and capital takes the credit and thusly the rewards.
Case in point.
I agree that those are good examples of the weakness of capitalism, but the original post is more about government corruption since it is a government-owned company.
Tomato, tomato at this point.