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CBC gave $15M in bonuses and a few months later cut 800 jobs: report
(nationalpost.com)
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So those employees got an average bonus of $13,000. Not nothing, but hardly c-suite insane levels of compensation.
Also, what do the relevant employee contracts look like? A lot of the time bonuses are built into the contract and tied to very specific metrics. If that is the case, the CBC would have to pay out that bonus, regardless of the overall state of the company.