magicjuan
Player Valuation: £60m
Bonuses are there largely because they are required to attract talented employees who make the money used to pay the bonuses, surely? A bank could decide to slash its bonuses one year after under-performance, but they would soon be hiring from a much weaker pool of talent and seeing their best employees leave for their competitors. I'm not saying they're reasonable in size, but you asked earlier why pay these bonuses if not purely for greed.
What exactly are all the employees turning a blind eye to, in your view?
A peculiar interpretation if I may say so of my words, but I get the gist of the firection you're going.
As an analogy, consider these hot shot bankers with premiership footballers, same approach. Because dividends need paying and bonuses need paying the pinch is made on customers/clients somewhere along the line, this directly concentrates money into a minority.
The competitive nature of capitalism pushed directly on performance and so things 'like' insider dealing take place, anything that gives the upper hand or 'competitive edge' in corporate speak.
The bonus system once the individual is taken out, serves what purpose exactly?