Why does Wall Street still call it BONUS?
I feel like the term "bonus" should be reserved for a typical company where they work 40 hours a week and at the end of the year, they get “leftovers”.
In Wall Street, it is part of the process. It IS "Deferred Compensation". And deservedly so.
You guys get shit on as a result of semantics. Change the conversation. Lawyers figured it out (to avoid being burned on the stake), as well as companies like AlixPartners (I don’t work for them but I know they have “billable” hours, yet the “billable” is still highly discretionary).
Off I off-base?
Agree to this. It's like how the Republicans labeled the estate tax as "death tax" and was able to win some popularity. If bonuses were renamed deferred compensation, I think much of the bullsh1t rhetoric would be reduced. The question is how to structure it legally.
How about "Variable Compensation" vs. "Fixed Compensation" for bonus and salary respectively? I think "Deferred Compensation" would have the implication of being a predetermined amount.
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