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As I Was Saying... by Michael Czinkota

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Bonuses and Auto Executives

Originally published in the Chicago Tribune, June 26, 1984. Used with permission of Michael R. Czinkota and the Chicago Tribune.

Auto executives in the United States sparked a firestorm of controversy recently when they awarded huge bonuses to top industry managers. U.S. trade representative William Brock argued that any industry healthy enough to pay hundreds of millions of dollars in bonuses hardly needs continued protection from foreign competition.

The fact is that the amount paid in bonuses is minuscule in comparison to auto industry sales and profits What is bothersome about the bonuses, however, is that they ...

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