How pissed off would you be after they fire you for refusing to accept a bonus cut? They are basically sending to the market the message thar CEO approval means nothing, any trader with a sense of decency will never want to work there in the future
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Funny... heard this on our floor recently. Apparently it was promised by a director but that director was fired/went away or something.
Insane, I really wonder who would ever want to go working for them at this point
It's the age old never trust a verbal promise, always have it in writing.
It was in writing, just never approved by the board
Ah shit that sucks.
Happens all the time, especially in physical shops. "You can get paid more than the CEO"...only till that 1 record year.
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