These pathetic bonuses are laughable, nothing more than PR sugar coating which can be referenced when companies implement multi billion dollar stock buybacks designed to reward the wealthiest and ensure the executives hit their targets so their multi million dollar bonuses can kick in.
Yes, it really sucks when the pension funds that hold those stocks see the value of their funds go up because of those buybacks.
I bet it really pisses off the public sector retirees when they hear that their retirement funds are safer. All retirees, actually; 65% of them own stocks, after all.
You figure they’re happier with less money?
But, on the subject of buybacks, I would agree with you that they’re not the most efficient way to get money to pension funds and retirees. And shareholders, for that matter. Guess what? There’s a way to send that excess money *directly* to the pension funds and retirees and shareholders, and in way that would minimize the benefit to the wealthy executives. And it would be simple to get the shareholders and pension funds and retirees to DEMAND that their corporations send the money.
Oh, and it would restrain executive compensation, as well.
Know how? It’s pretty simple.