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The most galling aspect is the $90,000 bonus, broken up into $10,000 increments to escape scrutiny.

Who is running the TSA circus?

I find this ridiculous. TSA employs 55k people and has budged $8B. Sure its director should be pay reasonably.

At the same time Yahoo CEO gets over $150M and people applaud it.

I get private versus public organization difference, but TSA is bigger than Yahoo.

Reasonable pay is fine, but why would he receive a bonus when the organization is not performing well? Furthermore, why would that bonus be paid explicitly in a surreptitious way?

He should be paid reasonably, but he shouldn't be given bonuses for underperforming.

Is that what you call a structured bonus?

More like an array of bonuses.

A 'tranched' bonus.

It's the Old French (and contemporary MBA speak) word for sliced.

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