So Credit Suisse will reward investment bankers with junk bonds instead of cash? Here are some other bonuses we'd like to see.

(Fortune) -- Kudos to Credit Suisse. Drowning in red ink, the Swiss bank announced it would pay bonuses to senior investment bankers not with cash but with mortgage-backed securities, high-yield bonds, and other forms of the untradeable junk now clogging the world's banking system.

Reportedly, investment bankers at the firm are steaming mad over the plan, but we think the idea is ingenious. After all, if these toxic securities were good enough for Credit Suisse's customers, they should be good enough for the bankers who cooked them up too. Don't you think?

With a little help from my Fortune colleagues, I've compiled suggestions for how leaders at some other organizations should get their bonuses this year.

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