To pay bonuses or not to pay?

This madness has got to stop. OF COURSE he doesn't deserve a bonus. You don't get REWARDED for finding ways to mitigate Incompetence. When will people stand up and break up this Wall Street hegemony and their unbelievable self preserving and delusional pretzel logic. The bottom line is: these guys are not the best and brightest. They are in their positions through connections, networking and alumni. They are not capitalists, they are corporatists. Good capitalists care about the longevity and viability of the company. Corporatists care only about their career and satisfying bosses, not contributing to real and measurable production. This has got to go.

It doesn't cost anything to ask. That said the whole lot of theses guys are delusional. The country & the industry are staggering and these guys want more? Set the tone ask others to sacrifice for the good of the company and the country. When times are good they claim its due to their leadership, not the overall market when you lose 80% of stockholder value you don't get a bonus b/c you didn't lose 100%. Thain came late but he knew what he was getting into, if he had stayed at the NYSE he would have suffered with that stock too.