Comment

Comment by nyrina

The best I remember is that a Danish bank (I think it was "Nordea" or "Danske Bank", but I'm not sure and my search-karma seems to have gone for the day) had a CEO who got a huge bonus for meeting his goals in making a profit back in 2009 or 2010.

The way he did that, though, was to fire 30% of the staff (and branches) and living off the profit from the hard work those 30% did the previous years - the next years they had bigger and bigger deficits, because they couldn't keep living off previous years loans.

parent nyrina 12 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton