Saturday, September 11, 2010

CEO's who lay off workers get paid more!!! Wow! That's a big surprise...


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...
Don't miss:
  1. Billions in bonuses for bailed-out bankers...
  2. The perks of being a Goldman Sachs kid...
  3. Top bailed-out banks to pay $30 billion in bonuses...
  4. Lehman Bros head took home $300m!!!
  5. India: dismissed workers beat CEO to death...
  6. Top executive killed by angry workers in Tamil Nadu, India...

No comments:

Post a Comment