Distinction in travel journalism
Is independent travel journalism important to you?
Click here to keep it independent

19 Aug, 2012

Please, sir, can I have some less? – SMH

Suddenly abstinence is fashionable. Not only did BHP follow its rival in abandoning bonuses for its top executives due to multibillion-dollar write-downs in recently purchased assets, it also chose the same way of presenting the news.

The pitch was that forgoing the bonus was a voluntary initiative by the executives involved, an offer accepted by their grateful boards. It forestalled the ignominy of the boards withholding the bonus payments, which would have looked more like a punishment.

via Please, sir, can I have some less?.