>In a previous post, I discussed the difference between earned and entitled. (Quick recap: to earn something means that one worked for it and deserves to be compensated for the effort and results; to be entitled means that one did nothing productive or positive but for some reason believes that they should be compensated anyway.) It seems that the same people who caused the global financial collapse still do not understand this important distinctions between the two words.
A headline in yesterday's New York Times Business Section read, "Bonus Season Afoot, Wall Street Tries for a Little Restraint. Tries? Well, par-done-ay moi, aren't you the same assholes who paid yourselves billions of dollars in bonuses over the last few years? You shitheads are lucky there aren't mobs with pitchforks outside your mansions, calling for your heads. You are going to have to "try" a little harder.
The article does note that the top echelons of executives are foregoing bonuses this year, even though they worked very hard all year. Now, here is a prime example of the difference between "earned" and "entitled." At least, in theory, the honchos who destroyed the nation and assisted in rendering people homeless through the sale of shitty mortgages earned their salaries through hard work. To insist that one also gets a bonus for such poor performance is a demonstration that one feels entitled to wealth that one did not earn. In fact, all these fucks should be fired. Their assets should be seized to repay as much of the taxpayers' cost of bailing out their banks as possible.
One line in the article cracked me up:
“Clearly they’re trying to spread the pain out a little bit,” said John Pierson, president of 10X Partners, a finance recruiting firm in New York. “But if I worked at Morgan Stanley and was looking at this, I would not be happy.”
Oh, poor executives who earned billions of dollars over the last few years! It brings a fucking tear to my eye to think about how you'll just have to live on your six or seven figure salaries alone this year, and even in future years, now that bonuses will be stingily parceled out over a longer term to match it to performance, forcing you to demonstrate that you earned your compensation! Such sacrifice!