I'd like a $10million dollar bonus too! But I really don't expect any money at all.
It would be interesting to know just what this guy's contract says, and how any bonus is computed.
Although paying the CEO that bonus would be a public relations disaster, it could be that the wording of his employment contract would make the company OWE him the money. And if they refuse to pay him, very possibly the courts would force them to give him the money, assuming his lawyers can prove his case. And going through a trial might cost the company a whole lot more than $10million.
If the CEO cares anything about the company, he will not press the matter any farther. But maybe he is on his way out anyway, and he is just trying to come out the best way he can.
It sure does sound like he has some large, brass ones though!
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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