Execs offered bonuses for cuts

About 40 per cent of 'at risk' pay for government executives will depend on how much they are able to cut as the 2012 federal budget approaches, reported the Globe and Mail. This means these senior managers could earn large bonuses if they contribute to the government savings plan. The Conservatives are targeting $4-billion a year in permanent savings. Each department is required to submit two proposals, one for a five per cent cut and the other for a 10 per cent cut.

Published: Wednesday, 10/12/2011 12:00 am EDT

About 40 per cent of 'at risk' pay for government executives will depend on how much they are able to cut as the 2012 federal budget approaches, reported the Globe and Mail. This means these senior managers could earn large bonuses if they contribute to the government savings plan. The Conservatives are targeting $4-billion a year in permanent savings. Each department is required to submit two proposals, one for a five per cent cut and the other for a 10 per cent cut.

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