A good way to cheat people, fire them one month before = get it all back. Lawyers and judges might weigh in on this, as it usually is there to lock people in for the 1-2 year period so they do not quit after they get the bonus.
Since the company controls when they fire them it is a self serving fraud.
Yup. Reading it I was livid. I emailed the authors hoping they follow up on the story when the court cases finish hoping the bankers don’t have to give back their bonuses. It’s absolutely ridiculous.
A lot irked me about the bankers in this post but what was interesting is that, at least in this industry, bonuses were structured as loans forgiven after 2 years?
Is that a thing in other industries? In FAANG and similar companies?