MaggieMae
Reality bits
- Apr 3, 2009
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More Layoffs, Bigger Payoffs: CEOs Who Cut More Jobs Got Paid 42% More Money in 2009 - DailyFinance
Kinda warms the cockles of the heart, doesn't it? Let's hear it for modern capitalism!!
Combined, the CEOs at those 50 firms made $598 million and laid off 531,363 workers -- accounting for more than three quarters of the 697,448 announced layoffs at the top 500 firms. The study also found that 72% of them announced their mass layoffs during periods of positive earnings reports, and that those companies enjoyed a 44% profit increase in 2009.
Kinda warms the cockles of the heart, doesn't it? Let's hear it for modern capitalism!!