What is a pity bonus?

Even with economic restrictions, companies are finding ways to pay the big bosses with incentives and discretionary bonuses. ‘Pity bonus’ is one such sum given to a CEO who fails to qualify for a big payout because of the downturn. Boards of companies make special concessions to award such incentives. CEOs may not be taking home good salaries, but the bonuses make up for the losses.

Economic restrictions, Incentives and discretionary bonuses, Pity bonus, Big payout, Boards of companies, CEOs, Bonuses