Anonymous wrote:Op here - I find bonuses interesting. I work in a field with almost $0 bonuses. But my DH works in a field where bonuses range from $50,000 to over $1 million and up. Seems insane that a bonus is more than most peoples salaries.
It’s the norm in the financial industry. Often even senior managing directors are capped at like $500k of salary but may receive $10MM bonuses.
It in theory means that they have to fire fewer people in down years because compensation is the highest expense.