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Originally Posted by Tully Mars
This whole pay the CEO nearly 500 times what the average worker makes is crap, pure crap. Company loses billions? Pay the CEO more, but lay off a few people and outsource to India. Company loses billions and billions? Send the CEO packing but give him a few hundred million on his way out the door. And lay off lots of folks.
Crap, pure crap.
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I believe the thinking is that overseeing the downsizing of a company and having to lay off people is very stressful for CEOs and therefore justifies higher pay and bonuses.
