Sir, – Cutting through the verbiage, the justifications and the slippery self-righteousness of those who constitute themselves as cheery advocates of the bonus culture, it might be timely to resurrect what the economist JK Galbraith wrote in his 2004 book, The Economics of Innocent Fraud, when he commented, "Performance-related pay is called salary. Bonuses should be beneath the dignity of professionals, as bribes should be beneath the dignity of commerce". – Yours, etc,
CIARAN COSGROVE,
Hillcourt Road,
Glenageary, Co Dublin.