Quote:
Originally Posted by Baraka_Guru
Sometimes a high unemployment rate is necessary to slow inflation. CEOs take pay cuts and get fired too. It all depends on the company's performance and his or her own performance or willingness to "take it for the team." Not all CEOs are stereotypical old, white "fat cats."
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Watch the Bill Moyers link on what the CEOs of bankrupt airlines did.
Some CEO's are strong and do what it takes to keep workers working and make sure the company grows even in the worst of times, maintaining the best environment possible.
However, the vast majority of the big companies these days don't. As for their severance packages, I'm sorry if they run the company down, they don't deserve anything when they are fired. There have been companies in the recent past that have been destroyed because of upper management's golden parachutes. The stock holders lost, the workers lost but those who were supposed to be the leaders of these companies actually gained millions.
If you can't find a CEO willing to take risks and knows he profits when the company and workers do and loses when the company does.... then you have the wrong person in that job.
Sorry, but recent past events and current events show the CEOs are so invested only in themselves that they will bankrupt a company and cost thousands their jobs if that means they can make more money than they will doing their job.
I just want accountability and a fair distribution of wages.
You want to say the CEO has more to lose if the company loses.... then fucking prove it. I have yet to see such proof.