Fat Bonuses Give the Lie to 'Shared Sacrifice'
"Cutting Salaries Instead of Jobs" (What's Next, June 8) states: "Uniform pay cuts can be felt as a shared sacrifice." But the issue of executive bonuses is completely ignored. Hewlett-Packard (HPQ) gave its boss, Mark Hurd, a $23.9 million bonus last year. Is taking a 20% base salary cut with the left hand, while grabbing $23.9 million with the right, sharing the pain?