The issue is (only slightly) more nuanced: while the executives collected bonuses, they did go for a few months without pay and their overall bonus' for 2020 were lower than in previous years.
It does reveals the reality of our managerial class--in a sort of distributed, quasi-feudalism they are entitled (legally and practically) to extract massive amounts of wealth from large corporate entities regardless of any negative impact on the company.
- Running the business into the ground (Target Canada)
- Running the business into the ground while underfunding the company pension (Sears)
- Lobbying for billions of dollars of tax dollars while cutting thousands of jobs (Bombardier, Air Canada)
It does reveals the reality of our managerial class--in a sort of distributed, quasi-feudalism they are entitled (legally and practically) to extract massive amounts of wealth from large corporate entities regardless of any negative impact on the company.
- Running the business into the ground (Target Canada)
- Running the business into the ground while underfunding the company pension (Sears)
- Lobbying for billions of dollars of tax dollars while cutting thousands of jobs (Bombardier, Air Canada)