CEOs of the 50 U.S. firms that cut the most jobs during the recession earned 42% more than the average S&P 500 firm CEO, according to a study released by a liberal think tank in Washington.
The study also found that 36 of the 50 layoff leaders announced their layoffs at a time of positive earnings reports, suggesting a trend of squeezing workers to boost profits and to maintain high CEO pay. When CEOs cut jobs they are often very richly rewarded. More...
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