So no, it's not Occam's Razor: if he were merely unhappy with his bonus, he would call another i-bank and move on.
BTW, I notice you're always quick to defend the big money status quo around here (you were against net neutrality a while back, IIRC).
What's in it for you, as a mere SEO "consultant"?
Are you paid to post these talking points, or do you really believe what you say?