Kraut, for the guys who have high fixed costs it is not desireable to have huge fluctuations in income. I could easily live with it, but I strongly oppose it for a different reason: I have 0% faith in our management being honest in profit related pay. In my mind, there is not the slightest bit of doubt that they would fiddle around with the figures and cry wolf come pay day and then magically recover afterwards. After all, they are managers and their job is to screw all employees as much as they can without an open revolt.
Regarding electricdeathjet's doomsday prophecy I suggest you read this
easyJet.com - Q3 Interim Management Statement
I think that you will find that city boys have long memories if companies are directly lying 3 months before the fiscal year ends and I am sure too many greedy managers have a bonus hanging on FTSE100 accomplishment to risk that.