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The Tribune reported that he had demanded $900,000, the pro-rated portion of his 2010 management bonus, arguing that he "was effectively 'terminated without cause,' which would trigger the payment under terms of the bonus plan".
Oil and gas firm Faroe Petroleum has bowed to pressure from shareholders and shelved a proposed new management bonus scheme.
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The nurses' acceptance of management bonuses tended to depend on the direct support provided by the managers in question.
It said it would not pay a dividend or management bonuses for 2008.
Imaginative perks, flex-time schedules, even management bonuses are drifting away.
Toyota Motor said on Tuesday it would cut management bonuses by 10percentt as the global economic slowdown deepens.
In addition, many companies refuse to make significant overseas investments simply because short-term profits and management bonuses may suffer.
In addition, aggressive improvement targets have been established for each measure, and management bonuses are tied to their fulfillment.
In most enterprises, for example, the scale of management bonuses is tied to the size of bonuses for blue-collar workers.
Industrial Age banks received Troubled Asset Relief Program TARPP) investments, repaid them with interest to the U.S. Treasury, restored their capacity to pay management bonuses, and are profitable again.
Mr. Nicolaisen's statement did not address many allegations raised by Ofheo, like irregular accounting or manipulation of expenses and earnings to earn larger management bonuses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com