Execs getting bonuses for cutting costs and cutting jobs.

I just read about a company that awarded a few of its top executives several million dollars in bonuses for cutting a hundred million dollars in operating costs for a period of three months. There are complaints by employees in that company that there were layoffs, and a downgrade in services for its customers.

It doesn't make sense to me why a company would give its execs "bonuses" at the same time that it is cutting jobs and services for its customers.

Doesn't it make more sense to use that "bonus money" to save jobs and to maintain or even improve services for customers?

These executives are not exactly starving. According to the report they were already paid million dollar plus salaries. Aren't those salaries enough compensation for them doing their jobs? Shouldn't they refuse the bonuses to keep more workers on the job and to maintain customer services?

Here's a hint to executives everywhere: your job security is as good as the customer service that your employees deliver.