Radical Proposal for Executive Bonuses

An excerpt from a letter to the editor of the NYT:

I would suggest that the financial crisis has now made it possible for high-ranking executives to participate in the bonus system that most of us have operated under for years.

This real-life bonus system works as follows:

If you do your job well, your bonus is that you keep your job.

If you muddle through your tasks, your bonus is that you get demoted.

If you do your job poorly, your bonus is that you are shown the door.