Ceramic Industry Blog

Survey Says!

March 30, 2009

Based on some of the respondents’ comments, the CI CyberNews CyberPoll from last week touched a few nerves. The majority of poll participants (62%) believe that companies receiving government bailout funds should be banned from paying bonuses. On the other hand, 57% believe that the government should not levy severe taxes on those bonuses.

Here’s a sampling of the comments:

“They should all be demoted or let go. They are the ones that started this mess in the first place.”

“If you need the gov to bail you out, your performance can’t possibly warrant any kind of bonus.”

“Govt shouldn’t bail out companies.”

“Companies should avoid government intrusion into the private sector.”

“They should sign an agreement before receiving bailout funds that states they won’t be giving bonuses or raises until they are profitable and pay back their loan.”

“A bonus should be for helping the success of the company, and if these companies are failing, obviously these bonuses have not been earned.”

“If they need a bailout, they have not done a good job. Why a bonus?”

“The government should not bail any company out. Bad companies should fail. Poor decision-making should not be rewarded. No profit = no bonus. Malfeasance = jail. Stealing requires retribution. Get government out of the business of business altogether!”

“Keep the government out of private business management.”

“Businesses need flexibility to compensate star performers. Gov’t ‘hands off’ or let them fail.”

“The entire bonus system in all of corporate America is grossly unfair; bonuses are too often paid on a political basis rather than an actual performance basis. More importantly, executive compensation at ALL companies in the U.S. needs a complete overhaul. There is no CEO on the planet that merits outrageous mega-bucks, multi-million-dollar compensation packages.”

This week’s poll will focus on companies’ growth initiatives. Be sure to check it out!

Many thanks to all of the CI CyberNews readers who have participated in our CyberPolls. Not a CI CyberNews subscriber? Follow this link to sign up for your free subscription!
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