On Christmas Eve, a group of senior Goldman executives held a conference call to discuss the writedown and how it would
affect employee bonuses, people familiar with the matter said.
Not exact matches
Because of the game and the way it's integrated into company procedures, Castle reports,
employees are aware of how every decision
affects the bottom line and their
bonus checks.
So when brothers Jim and Tony Mazzella, of Mazzella Wire Rope & Sling Co., created a
bonus linked to improved cash flow and on - time delivery, they spelled out how
employees directly
affected those areas.
Recent cases include the high profile City
bonus claims of Keen v Commerzbank and Horkulak v Cantor Fitzgerald International, acting for British Airways v Noble and Forde in the Court of Appeal (a case which
affected some 9,000
employees), and the highly significant disability discrimination claim of O'Hanlon v HM Revenue and Customs which is due to be heard by the Court of Appeal next month.
Employees demonstrate little appreciation for expensive investments in an office party if their personal compensation is
affected by slowing company sales that result in low salary increases and the loss of
bonuses or profit sharing.