This has been the CEO profit story for a long time. Amazing how they bounce from company to company, bankrupting them and closing them down, and STILL walking away with huge personal profits— the epitome of “Reaganomics”.
Read “The Psychopath Test” by Jon Ronson, great chapter on Al Dunlap, the CEO that would lead a company until most of the employees were fired, he fired most on the Sunbeam company employees, shut down plants, seamed to really enjoy his work, no empathy at all, but the stock soared.
Makes sense…. 700*$50K/year=$35Million in salary savings….not to mention benefits, etc So, of course the CEO is rewarded with a % of the savings. And, hopefully the stock will go up and reward the stock holders.
Business is not about the worker. It is about share price.
Dtroutma almost 13 years ago
This has been the CEO profit story for a long time. Amazing how they bounce from company to company, bankrupting them and closing them down, and STILL walking away with huge personal profits— the epitome of “Reaganomics”.
pirate227 almost 13 years ago
Sounds like Romney, he can for America what he did for those companies he gutted. Yea, less jobs!
feverjr Premium Member almost 13 years ago
Read “The Psychopath Test” by Jon Ronson, great chapter on Al Dunlap, the CEO that would lead a company until most of the employees were fired, he fired most on the Sunbeam company employees, shut down plants, seamed to really enjoy his work, no empathy at all, but the stock soared.
egreshko almost 13 years ago
Makes sense…. 700*$50K/year=$35Million in salary savings….not to mention benefits, etc So, of course the CEO is rewarded with a % of the savings. And, hopefully the stock will go up and reward the stock holders.
Business is not about the worker. It is about share price.
d_legendary1 almost 13 years ago
Cue Harleykinns defending this behavior and saying how jealous we are of the rich.