Wednesday 26 November 2008

Christmas parties and bonuses- Bah Humbug




No not another rant about the anti Christmas sentiment of cancelling Christmas parties. The opposite in fact....

Nasty companies are cancelling Christmas parties. And employees are unhappy about it. Well I think there's only one way to look at that- at least you have a Christmas party (not) to attend! That's right, at least you have a job. Plenty of people don't this Christmas. And whilst I don't want to over-exaggerate job losses, they are happening to lots of people. So really is a Christmas party that important in the scale of the bigger problems of today? So you don't get a chance to embarrass yourself in front of workmates, kiss someone you shouldn't or be thrown out for disorderliness. Sounds like a good plan really.

Some people are getting bonuses this Christmas who really don't deserve to get them (in my opinion). Top of the list are bankers. Why are high level executives in the major banks getting bonuses this Christmas for work that they a) didn't do or b) did badly. How can we condone giving bonuses to people who stood by policies which loaned out huge sums of money to people who could not afford it? Bonuses aside, many are getting huge salaries anyway, and those should probably be cut too. Is a bonus meant to be paid when a job is well done? Or just done? Executives at our country's main banks have presided over a year where ill-advised mortgages have come back to roost, share prices have floored and people are loosing their homes. Are there no repercussions for encouraging bad practice? Surely there has to be.

I'm not sure what the answer is, but many people should not be getting their bonuses this Christmas.

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