Bonus is bounty in Latin.
It is something extra given or paid in addition to what is usually expected.
This is how the Dictionaries define the word.
It is a disbursal of the profit or rather sharing the excess.
Merill Lynch chief executive, John Thain, demands 10 million dollars as bonus for the year 2008.
The company has made a loss of 11 billion dollars.
Most of the employees face retrenchment.
The share value has gone down by 73%.
Bonus , makes good sense. It is a progressive practice. Rewarding,the employees for their prowess. and for their hard work is a right predilection.
But the demand by Thain ,lacks moral debenture.
Merrill Lynch , will come under Bank Of America., and cease to exist as an independent company..
Thain , entered the scene when the going was dismal,had pushed the brand, kept the company alive, and restrained its bankruptcy by negotiating with Bank of America.
He has received heavy pay for his work.
His tall claim seems atrocious. It is comparable to the act of seizing whatever you can from a burning house.
Thain ,however much an efficient executive , defies justice,deputes greed,deforms economy, denies sense and defers idealism.
Thain has dwarfed himself.
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