I don’t know what it’s like where you live, but here in Boston, the mayor is asking the unions to agree to a wage freeze. The Commonwealth of Massachusetts is looking a billions of dollars in a budget shortfall. Nationally, unemployment is around 8% . A lot of our industries floundering. People are downright afraid of losing their jobs, their homes, their health care. The role of the financial services industry is not to produce vast amounts of personal wealth for you Masters of the Universe types. The role of the financial services sector is to finance the economic growth of this country. I can’t help but notice that you guys haven’t been doing all that well lately.
They say that there is a contractual obligation to pay you your million dollar bonuses. But you are under no obligation to accept this bonus. In fact, maybe in refusing it, you’ll be helping to clean up a small part of the mess that you’ve help create.