Friday, March 20, 2009

When did bonuses become a bad thing?

If Washington can go after Wall Street firms, why not Bonuses on Main Street? Should we go after Wal-mart for giving out bonuses? Where does the drive toward socialism end?

Chris Burritt of Bloomberg tells the story. " Wal-Mart Stores Inc., the world’s largest retailer, plans to award $2 billion in extra compensation to about 1 million U.S. hourly workers this year after sales jumped in the recession.

The amount of the bonuses, profit sharing, discounts and 401(k) and stock-plan contributions being given to employees compares with the $1.8 billion Wal-Mart distributed last year. Payments to employees include $933.6 million in bonuses today"

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