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On Thursday, Ms. Quinn responded to questions about the payouts by saying: "A fair bonus for a job well done on the response to Sandy is one thing, but rewarding themselves based on the lockout is an outrage.
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King said market capitalism should not only work efficiently but should be seen to be fair; huge bonus payments in a time of austerity and declining average incomes would be viewed as unfair by most people.
He reckons this subsidy is worth some $30 billion a year, enough to fund a fair few bonuses.
So companies that fare well on the Just 100 list are attempting to rebuild workers' loyalty, 21st-century-style: not with no-layoff guarantees but with fair pay, bonuses, stock options, new benefits (think paid family leave, sabbaticals and student-loan repayments) and programs designed to fulfill Millennial demands for work-life balance, inclusive workplaces and professional growth.
I believe that the only form of performance control is through the establishment of a fair evaluation and incentive (bonus) system.
Teams, not just individuals, should get their fair share of bonus pools.
Given that the return of the total asset is not lognormal, we rely on a Fast Fourier Transform to compute the fair value of bonus and guarantee options.
Two Democrats are fighting to make these bonuses fair.
But a fairer company-wide bonus scheme would be a start.
Before restructuring costs, strategic disposals, bonus tax, fair value changes and a host of other exclusions, this operating profit came in at £1.9bn.
Here was John Mack, who was already richer and more successful than they ever hoped to be, asking them to give up as much as half of the pay they had negotiated fair and square, including bonuses for 2001 that were scheduled to be paid in February.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com