Quotes about Bonuses

What made it worse was the clueless attitude of the Wall Street executives whose collective asses we were pulling out of the fire. Just before I took office, for example, the leaders of most of the major banks had gone ahead and authorized more than a billion dollars in year-end bonuses for themselves and their lieutenants, despite having already received TARP funds to prop up their stock prices.

And here it is: the more you share profits with your associates—whether it's in salaries or incentives or bonuses or stock discounts—the more profit will accrue to the company. Why? Because the way management treats the associates is exactly how the associates will then treat the customers. And if the associates treat the customers well, the customers will return again and again, and that is where the real profit in this business lies