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1.2 million dollars = 24 individual jobs at $50,000 each
10 million dollars in executive bonuses = 200 individual jobs at $50,000 per year
10 million dollars in bonuses times 25 executives = 5000 individual employees at $50,000 a year
When company executives spend 1.2 million dollars on their office furnishings – that means they spent the incomes for 24 individual families which could have received $50,000 a year to work in that company to continue making it profitable and to make their own lives financially viable.
Each $53,000,000 bonus paid out to any executive in an American company has cost more than the loss of those funds to one individual who has in many cases driven their company into the ground. It is also the loss of the jobs and employment for 20 individuals for each $1,000,000 spent on those bonuses. Or, in this case – the loss of 1060 employees’ jobs at $50,000 a year for each bonus of 53 million dollars paid.
When bonuses of this scale were, and are being paid out of company profits, these moneys did not belong to the executives – they belonged to the company and its continuing profitability and sustenance.
– cricketdiane, 01-23-09, USA